Home > Terms > English, UK (UE) > Dewey & Leboeuf LLP
Dewey & Leboeuf LLP
Based in New York, Dewey & Leboeuf LLP was once one of the largest law firms in the U.S. with more than 1,300 attorneys in 12 countries at its peak. The firm was formed by merging Dewey Ballantine LLP and LeBoeuf, Lamb, Greene & McRae LLP in 2007 at the onset of one of the worst economic downturns in U.S. history. The law firm advices such clients as Los Angeles Dodgers LLC during its restructuring.
Dewey & Leboeuf LLP filed for chapter 11 bankruptcy protection in May 28, 2012 after failing to find a merger partner, marking it the biggest collapse of a law firm in U.S. history. Prior to its bankruptcy filings, the firm was suffering from the loss of the vast majority of its roughly 300 partners to other firms amid concerns about compensation and a heavy debt load. The negative economic conditions after 2007, combined with the firm's rapid growth and partnership compensation arrangements, created a situation where the cash flow was insufficient to cover capital expenses and full compensation expectations.
- Part of Speech: proper noun
- Synonym(s):
- Blossary:
- Industry/Domain: Legal services
- Category: Bankruptcy
- Company:
- Product:
- Acronym-Abbreviation:
Other Languages:
Member comments
Terms in the News
Featured Terms
distracted walking
The modern phenomenon of walking while talking on a cell phone or while playing video games on a smart phone or iPad. When a person engages in ...
Contributor
Featured blossaries
badr tarik
0
Terms
57
Blossaries
2
Followers
The Most Beautiful and Breathtaking Places in the World
Browers Terms By Category
- Gardening(1753)
- Outdoor decorations(23)
- Patio & lawn(6)
- Gardening devices(6)
- BBQ(1)
- Gardening supplies(1)
Garden(1790) Terms
- SSL certificates(48)
- Wireless telecommunications(3)
Wireless technologies(51) Terms
- Cooking(3691)
- Fish, poultry, & meat(288)
- Spices(36)
Culinary arts(4015) Terms
- Wine bottles(1)
- Soft drink bottles(1)
- Beer bottles(1)