One of the largest law firms in the United States, Dewey & LeBoeuf LLP, has filed for Chapter 11 bankruptcy protection this week in Manhattan. The New York-based firm has listed $193 million in assets with $245 million in liabilities.
Dewey & LeBoeuf, which advised the Los Angeles Dodgers during its bankruptcy process, decided to seek bankruptcy protection after nearly all its partners quit, its chairman was expelled, and creditors filed lawsuits for unpaid bills.
The firm, which had more than 1300 attorneys worldwide in 2007, now only has 150 in the United States. All of its offices in the United States are closed or are closing, as are eight world wide, according to the San Francisco Gate.
If you are considering filing for protection but want to know your alternatives to bankruptcy, contact the experienced bankruptcy attorney Ryan J. Really, Attorney at Law, PLLC at (239) 237-0675.