Here's the latest update via Reuters
http://www.insurancejournal.com/news/east/2012/05/11/247253.htm
Dewey & LeBoeuf has terminated about 450 people at its New York office effective today, May 11, according to a lawsuit filed by an employee who complained the law firm failed to give her adequate notice.
The employees received notice of the layoffs this past Monday, according to the lawsuit. Angelo Kakolyris, a spokesman for Dewey, did not immediately respond to a request for comment. The layoffs could be a death blow for Dewey, once one of the biggest law firms in the United States. The firm has been struggling for weeks with partner defections and debt, and it warned employees on May 4 that it could close its doors.
