As Dewey & LeBoeuf this week confirmed its place in history as the largest-ever law firm collapse, Legal Week has been told that former partners in the firm’s London arm are unlikely to face clawback claims stemming from US debt. Former partners and one partner involved in the administration of the UK limited liability partnership (LLP) said initial indications suggest UK partners – who were part of a separate legal entity to the US parent – will not be individually liable for claims made by secured creditors in the US, which include Citibank, JP Morgan and Bank of America.
May 31, 2012 at 07:03 PM
1 minute read
The original version of this story was published on Legalweek
UK partners hope to avoid claims as Dewey files for bankruptcy
As Dewey & LeBoeuf this week confirmed its place in history as the largest-ever law firm collapse, Legal Week has been told that former partners in the firm’s London arm are unlikely to face clawback claims stemming from US debt.
Presented by BigVoodoo
Celebrate outstanding achievement in law firms, chambers, in-house legal departments and alternative business structures.
The African Legal Awards recognise exceptional achievement within Africa s legal community during a period of rapid change.
Law firms & in-house legal departments with a presence in the middle east celebrate outstanding achievement within the profession.
Atlanta s John Marshall Law School is seeking to hire one or more full-time, visiting Legal WritingInstructors to teach Legal Research, Anal...
Lower Manhattan firm seeks a premises liability litigator (i.e., depositions, SJ motions, and/or trials) with at least 3-6 years of experien...
Join the Mendocino County District Attorney s Office and work in Mendocino County home to redwoods, vineyards and picturesque coastline. ...
MELICK & PORTER, LLP PROMOTES CONNECTICUT PARTNERS HOLLY ROGERS, STEVEN BANKS, and ALEXANDER AHRENS
