How to handle Dewey (or similar firms)

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Old Gregg
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Re: How to handle Dewey (or similar firms)

Postby Old Gregg » Mon Mar 19, 2012 6:37 am

You guys are really overthinking this email thing, asperger's style.

Anonymous User
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Re: How to handle Dewey (or similar firms)

Postby Anonymous User » Thu Mar 22, 2012 1:45 pm

Did the conference call today allay other SA's fears?

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Guchster
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Re: How to handle Dewey (or similar firms)

Postby Guchster » Thu Mar 22, 2012 4:23 pm

Anonymous User wrote:Did the conference call today allay other SA's fears?


what was said? also, bonuses coming late... can't be good news.

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stratocophic
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Re: How to handle Dewey (or similar firms)

Postby stratocophic » Thu Mar 22, 2012 4:33 pm

Indifferent wrote:
drdolittle wrote:
rad lulz wrote:OP missed a golden opportunity to make a Dewey pun in the thread title.

What to Dewey?

Dewey stay or go?
What Dewey do now?

Anonymous User
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Re: How to handle Dewey (or similar firms)

Postby Anonymous User » Thu Mar 22, 2012 4:53 pm

This entire saga has been grossly exaggerated by the media. Dewey's problems are serious, but far from insurmountable. The media, blogs, and even some posters on here seem more committed to fulfilling a prophecy than uncovering the facts.

I think the following article does a nice job of summarizing what is going on. D

http://finance.fortune.cnn.com/2012/03/ ... er-exodus/

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romothesavior
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Re: How to handle Dewey (or similar firms)

Postby romothesavior » Thu Mar 22, 2012 5:06 pm

Anonymous User wrote:This entire saga has been grossly exaggerated by the media. Dewey's problems are serious, but far from insurmountable. The media, blogs, and even some posters on here seem more committed to fulfilling a prophecy than uncovering the facts.

I think the following article does a nice job of summarizing what is going on. D

http://finance.fortune.cnn.com/2012/03/ ... er-exodus/

Not sure why this is anon. Howery gonna call you out if you are wrong?

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Guchster
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Re: How to handle Dewey (or similar firms)

Postby Guchster » Thu Mar 22, 2012 5:08 pm

Anonymous User wrote:This entire saga has been grossly exaggerated by the media. Dewey's problems are serious, but far from insurmountable. The media, blogs, and even some posters on here seem more committed to fulfilling a prophecy than uncovering the facts.

I think the following article does a nice job of summarizing what is going on. D

http://finance.fortune.cnn.com/2012/03/ ... er-exodus/


how dewey know if we should believe you?

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stratocophic
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Re: How to handle Dewey (or similar firms)

Postby stratocophic » Thu Mar 22, 2012 5:15 pm

romothesavior wrote:
Anonymous User wrote:This entire saga has been grossly exaggerated by the media. Dewey's problems are serious, but far from insurmountable. The media, blogs, and even some posters on here seem more committed to fulfilling a prophecy than uncovering the facts.

I think the following article does a nice job of summarizing what is going on. D

http://finance.fortune.cnn.com/2012/03/ ... er-exodus/

Not sure why this is anon. Howery gonna call you out if you are wrong?
Well Thacher problem right there, there's just no way to Proffitt off of calling him out even if he is wrong so what Wood you have him do?

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romothesavior
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Re: How to handle Dewey (or similar firms)

Postby romothesavior » Thu Mar 22, 2012 5:35 pm

stratocophic wrote:
romothesavior wrote:Not sure why this is anon. Howery gonna call you out if you are wrong?
Well Thacher problem right there, there's just no way to Proffitt off of calling him out even if he is wrong so what Wood you have him do?

I mean, I understand what you're saying, but how the Heller we supposed to have a conversation if the Rider won't idenitfy himself? I mean, Coudert he just not post anon?

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dailygrind
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Re: How to handle Dewey (or similar firms)

Postby dailygrind » Thu Mar 22, 2012 6:16 pm

Indifferent wrote:
drdolittle wrote:
rad lulz wrote:OP missed a golden opportunity to make a Dewey pun in the thread title.

What to Dewey?

Dewey stay or Dewey go?


FTFY

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Re: How to handle Dewey (or similar firms)

Postby Anonymous User » Thu Mar 22, 2012 6:17 pm

The article somewhat reflects what was said in the conference call. I don't understand why the corporate debt issue has been such a big deal in the news. It seems like the reporters lack sophistication in corporate finance. Dewey's bottom line seems ok. However, I don't trust management's statements that the partners are committed to staying on board. I mean, I don't even want to stay on board, conference call and all.

Anonymous User wrote:This entire saga has been grossly exaggerated by the media. Dewey's problems are serious, but far from insurmountable. The media, blogs, and even some posters on here seem more committed to fulfilling a prophecy than uncovering the facts.

I think the following article does a nice job of summarizing what is going on. D

http://finance.fortune.cnn.com/2012/03/ ... er-exodus/

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stratocophic
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Re: How to handle Dewey (or similar firms)

Postby stratocophic » Thu Mar 22, 2012 6:20 pm

romothesavior wrote:
stratocophic wrote:
romothesavior wrote:Not sure why this is anon. Howery gonna call you out if you are wrong?
Well Thacher problem right there, there's just no way to Proffitt off of calling him out even if he is wrong so what Wood you have him do?

I mean, I understand what you're saying, but how the Heller we supposed to have a conversation if the Rider won't idenitfy himself? I mean, Coudert he just not post anon?
Gilchrist, might as well have the mods yell "leeroy Jenkins" and just out every anon post on TLS if some n00b posting things that might or might not be true is all it takes to Shea that someone's posts Arter not deserving of anonymity, 75% of anon posts aren't worth a Pennie in the first place. Just seems like you're setting up the system to Bogle everyone's mind when you use that kind of Testa worth

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Re: How to handle Dewey (or similar firms)

Postby Anonymous User » Thu Mar 22, 2012 6:26 pm

Anonymous User wrote:This entire saga has been grossly exaggerated by the media. Dewey's problems are serious, but far from insurmountable. The media, blogs, and even some posters on here seem more committed to fulfilling a prophecy than uncovering the facts.

I think the following article does a nice job of summarizing what is going on. D

http://finance.fortune.cnn.com/2012/03/ ... er-exodus/


Exactly right. Dewey will be fine. The most disconcerting part of this "saga" has been the media's response to it.

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Re: How to handle Dewey (or similar firms)

Postby Morgan12Oak » Thu Mar 22, 2012 6:44 pm

Is anonymous user a pseudonym for Dewey PR? Really, it's impossible to follow who is who when people post this crap. And to counter the last "anonymous," you say with a lot of confidence Dewey will be fine and just talk about how the media is overplaying it, but you overlook the idea that Dewey could be completely fine financially but be brought down by the vicious cycle of rumors.

Good firms have failed because of bad rumors.

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Re: How to handle Dewey (or similar firms)

Postby Anonymous User » Fri Mar 23, 2012 9:36 am

Sounds like another Finley Kumble story.

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Re: How to handle Dewey (or similar firms)

Postby Anonymous User » Fri Mar 23, 2012 5:03 pm

http://online.wsj.com/article/SB1000142 ... 05216.html

Doesn't look good. Friend of mine who is an associate sent me this. Going to be interesting to see if Dewey is able to fight off the rumors or whether it succumbs. Lot of headhunter calls are being answered from what I hear.

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Re: How to handle Dewey (or similar firms)

Postby Anonymous User » Fri Mar 23, 2012 5:24 pm

Anonymous User wrote:http://online.wsj.com/article/SB10001424052702304724404577299833781305216.html

Doesn't look good. Friend of mine who is an associate sent me this. Going to be interesting to see if Dewey is able to fight off the rumors or whether it succumbs. Lot of headhunter calls are being answered from what I hear.


what else does 'your friend' say?

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sunynp
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Re: How to handle Dewey (or similar firms)

Postby sunynp » Fri Mar 23, 2012 7:21 pm

http://dealbook.nytimes.com/2012/03/23/ ... y-leboeuf/

Six partners at Dewey & LeBoeuf resigned on Friday, the latest is a series of defections at the embattled New York law firm.

The lawyers, who are leaving to join Sutherland Asbill & Brennan, focus on insurance regulation and advise on corporate transactions involving insurance companies.

With the latest departures, Dewey has lost 37 of its 300 partners since January. Its once-vaunted insurance practice has been decimated, as 12 other partners in the group have left the firm last week.
...

The six lawyers leaving for Sutherland are James R. Dwyer, the managing partner of Dewey’s Chicago office; John S. Pruitt and Cynthia R. Shoss, co-chairs of the insurance regulatory department; P. Bruce Wright and Linda A. Sciutow, two tax partners; and Jeffrey H. Mace, an insurance partner.
Last edited by sunynp on Fri Mar 23, 2012 7:26 pm, edited 1 time in total.

LawIdiot86
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Re: How to handle Dewey (or similar firms)

Postby LawIdiot86 » Fri Mar 23, 2012 7:26 pm

sunynp wrote:http://dealbook.nytimes.com/2012/03/23/more-partners-leave-dewey-leboeuf/

Six partners at Dewey & LeBoeuf resigned on Friday, the latest is a series of defections at the embattled New York law firm.

The lawyers, who are leaving to join Sutherland Asbill & Brennan, focus on insurance regulation and advise on corporate transactions involving insurance companies.

With the latest departures, Dewey has lost 37 of its 300 partners since January. Its once-vaunted insurance practice has been decimated, as 12 other partners in the group have left the firm last week.


Having absolutely no knowledge how this works at Dewey or other firms, I was wondering if anyone had an idea where the relationship partners are at Dewey? Would they have been in the insurance group or was that group known for its work (like appellate litigation is) and not its client relationships?

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sunynp
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Re: How to handle Dewey (or similar firms)

Postby sunynp » Fri Mar 23, 2012 7:31 pm

LawIdiot86 wrote:
sunynp wrote:http://dealbook.nytimes.com/2012/03/23/more-partners-leave-dewey-leboeuf/

Six partners at Dewey & LeBoeuf resigned on Friday, the latest is a series of defections at the embattled New York law firm.

The lawyers, who are leaving to join Sutherland Asbill & Brennan, focus on insurance regulation and advise on corporate transactions involving insurance companies.

With the latest departures, Dewey has lost 37 of its 300 partners since January. Its once-vaunted insurance practice has been decimated, as 12 other partners in the group have left the firm last week.


Having absolutely no knowledge how this works at Dewey or other firms, I was wondering if anyone had an idea where the relationship partners are at Dewey? Would they have been in the insurance group or was that group known for its work (like appellate litigation is) and not its client relationships?


I'm pretty sure that the departing partners have client relationships.

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romothesavior
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Re: How to handle Dewey (or similar firms)

Postby romothesavior » Fri Mar 23, 2012 7:51 pm

sunynp wrote:http://dealbook.nytimes.com/2012/03/23/more-partners-leave-dewey-leboeuf/

Six partners at Dewey & LeBoeuf resigned on Friday, the latest is a series of defections at the embattled New York law firm.

The lawyers, who are leaving to join Sutherland Asbill & Brennan, focus on insurance regulation and advise on corporate transactions involving insurance companies.

With the latest departures, Dewey has lost 37 of its 300 partners since January. Its once-vaunted insurance practice has been decimated, as 12 other partners in the group have left the firm last week.
...

The six lawyers leaving for Sutherland are James R. Dwyer, the managing partner of Dewey’s Chicago office; John S. Pruitt and Cynthia R. Shoss, co-chairs of the insurance regulatory department; P. Bruce Wright and Linda A. Sciutow, two tax partners; and Jeffrey H. Mace, an insurance partner.

Oh no guys, the media is just blowing this outta proportion. Dewey is fine, nothing to see here.

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drdolittle
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Re: How to handle Dewey (or similar firms)

Postby drdolittle » Fri Mar 23, 2012 7:56 pm

Anonymous User wrote:Did the conference call today allay other SA's fears?

sunynp wrote:http://dealbook.nytimes.com/2012/03/23/more-partners-leave-dewey-leboeuf/

Six partners at Dewey & LeBoeuf resigned on Friday, the latest is a series of defections at the embattled New York law firm.

The lawyers, who are leaving to join Sutherland Asbill & Brennan, focus on insurance regulation and advise on corporate transactions involving insurance companies.

Makes me even more curious as to what was said in that conference call.

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Guchster
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Re: How to handle Dewey (or similar firms)

Postby Guchster » Fri Mar 23, 2012 8:41 pm

romothesavior wrote:Oh no guys, the media is just blowing this outta proportion. Dewey is fine, nothing to see here.


lol. cue 5,500 retarded anonymous poasts

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Re: How to handle Dewey (or similar firms)

Postby 2LLLL » Sat Mar 24, 2012 1:10 am


Having absolutely no knowledge how this works at Dewey or other firms, I was wondering if anyone had an idea where the relationship partners are at Dewey? Would they have been in the insurance group or was that group known for its work (like appellate litigation is) and not its client relationships?



Who knows- I doubt anyone on this forum can speak from personal knowledge about any of those partners' client relationships. But- I don't imagine that you get to be the managing partner of a major firm's Chicago office without having some sway. And, as a matter of logic, the partners with the easiest exit paths are going to be those with portable business.

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Re: How to handle Dewey (or similar firms)

Postby Anonymous User » Sat Mar 24, 2012 8:59 am

Incoming SA here. I know they were expecting more partner departures, but another 6 in one shot? And the head of the Chicago office? I have this nightmare scenario playing over and over in my head where the summer gets cancelled only a few weeks before it starts and I spend the summer on my couch twiddling my thumbs...




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