Six months after seeking bankruptcy protection amid the largest law firm collapse in U.S. history, Dewey & LeBoeuf has finalized a plan designed to repay creditors a portion of more than $600 million in total debt while liquidating the remnants of what was until earlier this year a 1,300-lawyer enterprise.
In a bevy of Thanksgiving eve filings that serve as Deweys official Chapter 11 plan and disclosure statement, the advisers guiding the defunct firm through bankruptcy detail what led to its downfall, highlight what they believe they have accomplished so far, and lay out how they envision divvying up whatever money they are able to bring in.
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