Dewey & LeBoeuf has filed for bankruptcy, with the firm’s UK operations simultaneously placed into administration, confirming the world’s largest ever legal failure, reports The Am Law Daily.
The firm’s demise was confirmed last night via a Chapter 11 filing submitted in federal bankruptcy court in Manhattan. The move ends weeks of speculation as to when and how Dewey – buried beneath hundreds of millions of dollars of debt and with virtually all of its partners scattered to other firms since the start of the year – would enter its final phase.
