Greenberg Traurig confirmed on April 20 that it has had preliminary discussions about hiring an unspecified number of lawyers from Dewey & LeBoeuf, which is reportedly considering a prepackaged bankruptcy plan in order to keep intact the bulk of the 1,000-lawyer New York-based firm as it copes with a deteriorating financial situation and mass partner exodus.
Multiple news reports last week had Dewey evaluating the merits of a prepackaged bankruptcy, which would see the firm agree to pay creditors while also pushing forward with a possible merger with an as-yet-unnamed firm.
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