Posted on Tuesday, May 29th, 2012 at 5:14 pm
Dewey & LeBoeuf LLP, one of the largest law firms in the country, has filed for Chapter 11 bankruptcy protection after it was unable to find a buyer. The New York-based law firm listed $245 million in liabilities and $193 million in assets.
After Dewey Ballantine LLP and LeBoeuf, Lamb, Greene & McRae LLP merged in 2007, the firm had more than 1300 hundred attorneys worldwide. Now only 150 employees remain in the United States.
All of Dewey & LeBoeuf locations in the United States are closed or will be closing. Its offices in Paris, London, Beijing, Hong Kong, Frankfurt, Johannesburg, Madrid, and Sao Paulo are also shutting down, according to the San Francisco Gate.
If your business is struggling and you are considering bankruptcy protection, contact the business bankruptcy attorneys from the Law Office of Russell Van Beustring, P.C. at 713-973-6650.