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HEARING DATE: September 20, 2012 at 10:00 a.m.

BLANK ROME LLP Andrew B. Eckstein (aeckstein@blankrome.com) The Chrysler Building 405 Lexington Avenue New York, New York 10174-0208 Telephone (212) 885-5000 -andFLEMMING ZULACK WILLIAMSON & ZAUDERER LLP Mark C. Zauderer, Esq. One Liberty Plaza New York, New York 10006-1404 Telephone: (212) 412-9500 Co-counsel to Informal Group of Certain Former Partners of Dewey & LeBoeuf LLP

UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF NEW YORK ___________________________________________ In re: : : : DEWEY & LEBOEUF LLP, : Debtor. : ___________________________________________:

Chapter 11 Case No. 12-12321 (MG)

STATEMENT OF INFORMAL GROUP OF CERTAIN FORMER PARTNERS OF DEWEY & LEBOEUF LLP IN SUPPORT OF DEBTORS MOTION FOR ORDER, PURSUANT TO BANKRUPTCY RULE 9019 AND 11 U.S.C. 105 AND 362, APPROVING PARTNER CONTRIBUTION SETTLEMENT AGREEMENTS AND MUTUAL RELEASES FOR PARTICIPATING PARTNERS Co-counsel Blank Rome LLP (BRLLP) and Flemming Zulack Williamson & Zauderer LLP (FZWZ) for an informal group of Fifty Eight (58) former partners (the FP Group) of Dewey & LeBoeuf LLP (Dewey or the Firm) hereby submits its statement in support of the Debtors Motion, pursuant to Bankruptcy Rule 9019 and 11 U.S.C. 105 and 362, for an Order

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Approving Partner Contribution Settlement Agreements and Mutual Releases for Participating Partners (the Partner Contribution Plan of PCP), and respectfully state as follows:

1.

The Fifty Eight (58) members of the FP Group formed the FP Group for the

purpose of protecting and advancing certain common interests and issues in lawsuits, claims and proceedings that are, have been, or may potentially be alleged or asserted by or against members of the FP Group. Each of the members of the FP Group has, among others, potential claims and rights under the Partnership Agreement of Dewey (including rights to arbitrate some or all of their potential claims and/or the claims threatened against them), and each has been threatened with, among other things, potential claims for recovery of certain amounts paid to them under the Partnership Agreement and/or advanced to them. The members of the FP Group acquired their various rights over time under, and/or arising from their having been parties to, the Partnership Agreement, and/or under applicable law. 2. The Fifty Eight (58) members of the FP Group are and were a generally

homogeneous group of former partners of Dewey, having a number of characteristics in common with one another and distinct from many other former partners of the Firm. None of the members of the FP Group were involved in the Firms management. The members of the FP Group were relatively small earners in the scope of Deweys widely disparate ranges of earnings. The members of the FP Group were completely unaware of the direction the Firm and its management had been taking and of the contracts, guarantees and agreements that had been entered into by the firm leadership with many of the larger earners. 3. The members of the FP Group were committed, loyal members of the Firm and

were quite disappointed and angry about the Firms demise and the information that was revealed in the run-up to, and after, the Firms Chapter 11 filing. 2
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4.

The members of the FP Group are and were not happy about being asked to

participate in the PCP and/or the extent of the demanded required contributions for their participation in the PCP. The FP Group fought hard over the terms of the PCP and the levels of their required contributions, including requests for information to support those contributions. However, at the conclusion of such negotiations, which resulted in moderate, but not significant reduction in the Debtors demands, upon information and belief, virtually all of the Fifty Eight (58) members of the FP Group (with no more than a couple of exceptions) reluctantly signed onto and agreed to participate in the PCP. 5. The dissolution and bankruptcy of the Firm has been a very painful experience for

the members of the FP Group; one that they came to understand would leave them with lingering years of uncertainty, fear and potential litigation and exposure. 6. The participating members of the FP Group ultimately recognized that, while

participation in the PCP would be quite costly monetarily and perhaps a raw deal, the benefit of buying peace and resolving disputes and potential future litigation and exposure, and obtaining the protections, releases and injunctions bargained for to enable them to move on with their lives in peace, was the least bad of many other painful options. Reluctantly, they concluded that there was enough merit to suffer the costly monetary commitment even though most of them can ill afford it. 7. The members of the FP Group do not view the PCP as a great deal for them and

certainly not a hugely beneficial boondoggle far from it. But the PCP is a vehicle whereby the former partners of the firm will have the opportunity to pay significant sums of money to buy certainty and peace of mind to enable them to move on to a fresh start free from years of fear and uncertainly.

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8.

For the foregoing reasons, the FP Group overwhelmingly supports the Debtors

motion for an order approving the PCP Dated: September 12, 2012 Respectfully submitted, BLANK ROME LLP By: /s/ Andrew B. Eckstein Andrew B. Eckstein The Chrysler Building 405 Lexington Avenue New York, New York 10174 Telephone: (212) 885-5000 Email: aeckstein@blankrome.com

FLEMMING ZULACK WILLIAMSON & ZAUDERER LLP By: /s/ Mark C. Zauderer Mark C. Zauderer One Liberty Plaza New York, New York 10006-1404 Telephone: (212) 412-9500 Email: aeckstein@blankrome.com

Co-Counsel to Informal Group of Certain Former Partners of Dewey & LeBoeuf LLP

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