09 August 2017 at 12:28 BST

Dewey ex-partners urge mercy for former CFO

A number of Dewey ex-partners have written to a New York judge asking that their former chief financial officer Joel Sanders be spared a jail sentence.

Sean Pavone

The former Dewey & LeBoeuf partners have written letters to a New York court urging the judge to spare former Dewey chief financial officer Joel Sanders a prison sentence following his conviction in May for defrauding the firm's creditor in the run-up to its collapse.Richard Shutran, a former Dewey partner and now a partner at O'Melveny & Myers, who testified for the prosecution, urged mercy for Mr Sanders saying that he 'constantly worked under extraordinary pressure generated not only by the firm's circumstances, but also in large part by the strategy and decision-making undertaken by the senior management of the firm.' He added that it was not Sanders' decision 'to embark on aggressive lateral partner hiring, open new offices or sign "unsustainable compensation agreements" with various partners. Another former Dewey partner now working with Locke Lord, Michael King, said that Mr Sanders was alone in trying to stop the merger with LeBoeuf.


Steven Davis, the ex-Dewey chairman avoided a criminal trial by signing a deferred prosecution agreement in London whilst Dewey's former executive director Stephen DiCarmine was acquitted in May. Mr Sanders has worked as chief operating officer and latterly as a consultant at Florida law firm Greenspoon Marder following the collapse of Dewey.  


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