Headquarters | New York City |
---|---|
No. of offices | 26 |
No. of attorneys | ~1,050 |
Major practice areas | General practice |
Date founded | 1909 |
Company type | Limited liability partnership |
Dissolved | May 28, 2012 (bankruptcy) |
Website | deweyleboeuf.com |
Dewey & LeBoeuf LLP was a global law firm, headquartered in New York City, that is now in bankruptcy. The firm's leaders have been indicted for fraud for their role in allegedly cooking the company's books to obtain loans while hiding the firm's financial plight. The firm was formed in 2007 through the merger of Dewey Ballantine and LeBoeuf, Lamb, Greene & MacRae. Dewey & LeBoeuf was known for its corporate, insurance, litigation, tax and restructuring practices. At the time of the bankruptcy filing, it employed over 1,000 lawyers in 26 offices around the world.
In 2012, the firm's financial difficulties and indebtedness became public. In the same period, many partners departed, and the Manhattan District Attorney's office began to investigate alleged false statements by firm chairman Steven Davis. As a result of these difficulties, Dewey & LeBoeuf's offices began to enter administration in May 2012. The firm filed for bankruptcy in New York on May 28, 2012.
On March 6, 2014, the former chairman, chief financial officer and the executive director of Dewey & LeBoeuf were indicted on charges of grand larceny by the Manhattan District Attorney.
Dewey & LeBoeuf was created on October 1, 2007, through the combination of two venerable New York-based firms, Dewey Ballantine and LeBoeuf, Lamb, Greene & MacRae.
The law firm that would be known for years as the Root Clark firm, and thereafter as Dewey Ballantine began in 1909. In that year, three recent graduates of Harvard Law School, Grenville Clark, Francis W. Bird and Elihu Root Jr., established a law partnership on Wall Street, named Root, Clark & Bird. Bird soon left the firm, and it became known as Root & Clark; family connections led to a thriving practice in high financial circles. In 1913, Root & Clark merged with the firm of Buckner & Howland, the practice of Emory R. Buckner and Silas W. Howland, to form Root, Clark, Buckner & Howland.