Posted May 16, 2012 09:55 pm CDT
Perhaps 50 of the 300 partners at Dewey & LeBoeuf at the end of 2011 are still with the law firm right now. Associates and staff have been laid off. And a group of retired pension partners are pondering a possible effort to force the firm into involuntary bankruptcy.
The final remaining member of what was, until recently, a five-partner law firm management committee exited Dewey Wednesday for Arnold & Porter.
However, the struggling firm “is not formally closed,” a spokesman tells Reuters.
“In my view, this company has to be put into a bankruptcy,” said attorney Annette Jarvis of Dorsey & Whitney, who is representing 51 retired pension partners who were part of LeBoeuf Lamb Greene & MacRae before it merged into Dewey & LeBoeuf.
She is “working on” a potential involuntary bankruptcy filing, she tells the news agency.