The New York Times reports that Dewey & LeBoeuf is now encouraging its partners to leave. The NYT report includes this vignette from 2011 as Dewey’s problems mounted:
“Cash was already running low; partners were already owed tens of millions of dollars in back pay. The firm had fallen so behind on collecting unpaid legal bills that management sent out an e-mail offering partners free iPads and iPhones if their clients paid them on time.”
More Dewey news here.