Storied law firm folds after partners flee

(Reuters) - As law firm Dewey & LeBoeuf embarks on the humbling process of working through bankruptcy, creditors and former partners are bracing themselves for a nasty court battle that could drag on for years. Dewey, a storied firm with deep Wall Street connections, filed for Chapter 11 protection on Monday night. The firm had veered toward collapse over the last six months amid revelations of fat salary guarantees, risky loans and a culture of secrecy. Some former partners have hired lawyers in anticipation of clawback suits by the estate. ...

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.

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.

(Reuters) - Merger talks between law firms Dewey & LeB

NEW YORK (Reuters) - Dewey & LeBoeuf on Wednesday proposed a $104 million deal

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