The dark cloud hanging over New York law firm Dewey & LeBoeuf could be developing from cumulonimbus to supercell.

News broke yesterday that the firm, which has been steadily bleeding both money and talent since the start of the year, has hired prominent bankruptcy attorney Albert Togut, according to attorneys at other law firms who have insight in the matter.

One of those sources, Reuters reports, says that Togut, who has represented numerous large companies including General Motors, Chrysler Automotive and Ambac Financial in Chapter 11 bankruptcies, is working with Martin Bienenstock, a bankruptcy attorney and member of Dewey's new five-person management team. Both Togut and Dewey declined to comment on the matter, the news service said.