Departing Dewey partner claims $61m from firm

As the partnership of Dewey & Lebouef’s partnership scatters across the legal services market, one senior partner has made an audacious claim against the firm, claiming $61 million from the firm as he departs for White & Case. Leading mergers and acquisitions partner Mort Pierce, notable for his proud boast of regularly billing 3,000+ hours a year, was on a huge retainer estimated at about $6m per year. Although it is unclear how Pierce arrived at the sum of $61 million, industry observers speculate that the sum could be a combination of money that Pierce invested in the firm, deferred compensation and retirement funds. P It does seem rather unlikely, in light of the firm’s headlong rush toward oblivion, that he’ll be able to recover the sum.

Departing Dewey partner claims $61m from firm rollonfriday.com Tue, May 15, 2012