Liquidators of the UK arm of Dewey & Leboeuf are set to award an interim dividend to unsecured creditors of the London office.

The payment of the dividend is part of the long-running wind-down of the collapsed law firm.

A progress report filed earlier this month by liquidators BDO states that, as of 29 July, the UK limited liability partnership (LLP) had received unsecured claims of approximately £28.5m, including £23.7m from the parent US LLP. However, the interim dividend is likely to cover a fraction of this amount.

Until claims from the US arm and ongoing employment tribunals have been resolved, BDO partners Mark Shaw and Shay Bannon said a final dividend could not be awarded by the liquidators.

As of 30 May 2014, the UK arm had a balance in hand of £1.3m, following payments to secured and preferential creditors, and of costs incurred by the administration.

Since BDO was appointed to handle the UK arm's liquidation, the accountancy firm has accrued time costs totalling £76,411, at an average charge out rate of £304 per hour.

During the UK LLP's administration, which concluded in May 2013, secured creditors were paid £1.5m, with a further £800,000 paid out by the liquidators since then.

The report also reveals that the liquidators are investigating whether there are grounds to pursue any similar claims against former partners of the UK LLP who did not participate in the Partner Contribution Plan (PCP).

The PCP, which was part of the US LLP's restructuring plan authorised in February 2013, amassed £571,776 from UK partners for unsecured creditors.

In the US, four members of Dewey's senior management, including its three most senior executives, were earlier this year charged with defrauding and stealing from the firm's lenders, investors, and others prior to Dewey's collapse in 2012.

Former chairman Steven Davis, chief executive Stephen DiCarmine, and chief financial officer (CFO) Joel Sanders were all named in the indictment in March, alongside former client relationship manager Zachary Warren.