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The firm says that it expects to have some funds left for its unsecured creditors.
September 03, 2019 at 12:25 PM
1 minute read
The original version of this story was published on American Lawyer
Am Law 200 firm LeClairRyan filed for bankruptcy Tuesday, five weeks after members voted to dissolve in late July.
The Chapter 11 filing, in the Eastern District of Virginia, indicates LeClairRyan owes nearly $15 million to two secured creditors: ULXP, the joint venture the firm launched with UnitedLex to handle support services, and the firm’s primary lender, ABL Alliance LLLP.
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