The latest chapter in the long unwinding of the venerable global law firm Dewey & LeBoeuf is the filing of this bankruptcy petition on Monday. WSJ Law Blog not only has details of the firm's expenses, but also informs us that Dewey's "opulent" Manhattan office was featured in the movie Michael Clayton. New York Law Journal explains why Dewey's bankruptcy raises novel issues, in part because Dewey will be the only law firm ever in bankruptcy that has issued bonds to support its finances.
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