Dewey & Leboeuf files for chapter 11, seeks liquidation

Troubled law firm Dewey & Leboeuf LLP has filed for chapter 11 bankruptcy protection in a U.S. court and has sought orderly wind-down of business. Dewey & Leboeuf said it did not anticipate a return to ...

(Reuters) - As law fir

US law firm Dewey & LeBoeuf has filed for bankruptcy after a partner exodus, in what the New York Times called the biggest law firm collapse in US history."Unlike most other Chapter 11 cases, this filing does not anticipate a return to business but rather a managed wind-down of affairs, followed by liquidation," the firm said in a statement late Monday."The needs of all of the firm's law clients continue to be served, mainly by former Dewey & LeBoeuf law partners who have moved on to other firms in recent months," it said.

The crippled law firm Dewey & Leboeuf filed for Chapter 11 bankruptcy protection Monday night and will seek approval to liquidate its business.

Embattled New York law firm Dewey & LeBoeuf has filed for bankruptcy protection, a move that marks one of the largest law-firm failures in U.S. history.

(Reute

Dewey & Leboeuf, the ailing law firm that has been on the verge of closure, said it has filed for chapter 11 bankruptcy protection in a U.S. court and is seeking approval to liquidate its business after it failed to find a buyer.