'Brilliant' Dewey Ch. 11 Gambit Could Save Firm

Law360, New York (April 20, 2012, 7:04 PM EDT) -- As Dewey & LeBoeuf LLP reportedly considers a plan that would see it first file a prepackaged Chapter 11 and then try to pursue a merger with another law firm, experts said the unprecedented maneuver is the best step the former legal giant could take.

The reeling firm — which has seen more than 60 partners depart for 22 firms this year, representing nearly 20 percent of its partnership — is considering filing a prepack Chapter 11 plan that would allow it to sell itself off...
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