In the end, it turns out, bankruptcy was unavoidable.
While most people were squeezing the last bit of fun out of the holiday weekend Monday, those overseeing what remains of Dewey & LeBoeuf were pushing the rapidly vanishing law firm one step closer to oblivion via a Chapter 11 filing submitted in federal bankruptcy court in Manhattan. The move ended weeks of speculation as to when and how Deweyburied beneath hundreds of millions of dollars of debt and with virtually all of its partners scattered to other firms since the start of the yearwould enter its final phase.
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