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Dewey & LeBoeuf merger talks end
Embattled law firm Dewey & LeBoeuf said yesterday it had removed its former chairman from various leadership positions amid a probe by the Manhattan district attorney and said that talks with rival firm Greenberg Traurig about a potential transaction ended with no deal. According to an internal firm memo, Dewey’s executive committee voted to oust Steven Davis from its ranks and remove him from a five-member management team put in place during a leadership shakeup last month. The firm’s management also said talks with Greenberg Traurig had ended. Today sees the firm face a deadline to secure an extension on $75m it owes to lenders.