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Estate of Dewey & LeBoeuf Considers Claims Against Former Partners New Employers

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Dewey & LeBoeuf LLP's estate is considering claims to recover profits from unfinished legal work that partners who were poached took to their new firms, the Wall Street Journal reported today. Once a 1,300-lawyer global enterprise that was among the largest law firms in New York, Dewey & LeBoeuf filed for chapter 11 protection last week and owes more than $315 million to banks, bondholders, landlords and vendors. The main source for repaying Dewey's creditors will be collecting an estimated $255 million in legal work for which the firm has not yet been paid.