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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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Dan Packel

Dan Packel covers change and innovation in the legal services market, and writes a weekly briefing for Law.com, "The Law Firm Disrupted," on these subjects. He is based in Philadelphia. Contact him at [email protected] On Twitter at @packeld

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