By Sam Reisman (September 3, 2019, 11:04 AM EDT) -- LeClairRyan PLLC has filed for Chapter 11 in Virginia, approximately one month after its members voted to shut down the firm.
LeClairRyan filed for Chapter 11 on Tuesday, less than a month after the firm officially announced it would be winding down. (Photo: Facebook)
The voluntary petition, filed on Tuesday, sheds additional light on the turbulent months that led to the firm's Aug. 7 announcement that it would be winding down.
"After growing into a large national law firm, LeClairRyan experienced declines in gross revenue and profitability in recent years," the firm's former general counsel and chair of the dissolution committee Lori D. Thompson...
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