Zimmermann: Dewey Charges Send ‘Warning’ To Struggling Law Firms
Mar. 12, 2014 (Mimesis Law) — Kent Zimmermann, consultant at the Zeughauser Group, talks with Lee Pacchia about the recent spate of charges filed against former leaders of defunct law firm Dewey & LeBoeuf and what they mean for the rest of BigLaw. Dewey & LeBoeuf filed for bankruptcy in May, 2012, marking the largest law firm failure to date. Three former top executives from the firm stand accused of misleading lenders and other lawyers on the true financial condition of the organization.
Main image via Michael Coghlan.