Firms that hired Dewey partners may face claims for 'unfinished business'

Firms that hired partners from Dewey & LeBoeuf as the New York firm collapsed may get a bill from the defunct firm’s estate for recovery of profits from unfinished legal work that partners took to their new firms. These unfinished business claims are common after law firms fail, and can take years to resolve. Joff Mitchell, the senior managing director at the restructuring firm Zolfo Cooper and the Dewey’s chief restructuring officer, said he will investigate possible claims against former partners and the firms they joined and ‘attempt to settle or pursue them as appropriate.’

Firms that hired Dewey partners may face claims for 'unfinished business' online.wsj.com Wed, Jun 13, 2012