Tipsters are telling Above the Law that Dewey & LeBoeuf is making performance-related layoffs this week.
As we understand it, legacy LeBoeuf (f/k/a: LeBoeuf Lamb) used to have only annual performance reviews. Legacy Dewey (f/k/a: Dewey Ballantine) had performance reviews twice a year. When the firms merged, the new management committee decided to go with the Dewey system instead of the LeBoeuf system.
Therefore, Dewey & LeBoeuf had performance reviews near the end of last year (which resulted in associate terminations) and are having them now (which is resulting in associate terminations). Obviously, the standards for those performance reviews are a little bit tougher than in previous cycles.
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aDewey & LeBoeuf is a white shoe law firm formed in 2007 by the merger of Dewey Ballantine and LeBoeuf, Lamb, Greene & MacRae. The firm has 24 offices in 14 countries.
Via ATL.