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Look for a job, Dewey tells staff
LAW firm Dewey & LeBoeuf, struggling with a debt crisis and criminal probe of its former chairman, has “encouraged” its partners to seek new jobs, one partner said, citing an internal memo.
The firm, which has a significant presence in London, is in talks with “many potential merger partners” as it races to extend deadlines on its debts. However, a source at the firm said it was not considering bankruptcy.