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
Circum-pacific belt
A zone of volcanoes and volcanic islands circling an edge of the Pacific Basin where one continental plate grinds under another (subduction). See ...
Contributor
Featured blossaries
Browers Terms By Category
- Osteopathy(423)
- Acupuncture(18)
- Alternative psychotherapy(17)
- Ayurveda(9)
- Homeopathy(7)
- Naturopathy(3)
Alternative therapy(489) Terms
- Journalism(537)
- Newspaper(79)
- Investigative journalism(44)
News service(660) Terms
- Meteorology(9063)
- General weather(899)
- Atmospheric chemistry(558)
- Wind(46)
- Clouds(40)
- Storms(37)
Weather(10671) Terms
- General furniture(461)
- Oriental rugs(322)
- Bedding(69)
- Curtains(52)
- Carpets(40)
- Chinese antique furniture(36)
Home furnishings(1084) Terms
- General law(5868)
- Contracts(640)
- Patent & trademark(449)
- Legal(214)
- US law(77)
- European law(75)