Dewey Gears Up For Possible Bankruptcy As Partners Dwindle

Law360, New York (May 18, 2012, 8:15 PM EDT) -- As partners continued to flee the washed-up firm Friday, Dewey & LeBoeuf LLP reportedly began to prepare for a possible liquidation of its remaining assets through a bankruptcy filing.

Dewey’s remaining staff and outside advisers were readying a bankruptcy petition to be filed sometime during the next few weeks, an unidentified source familiar with the matter told the Wall Street Journal on Friday.

The news came after JPMorgan Chase & Co. filed Uniform Commercial Code liens with the New York State Department on May 2 and...
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