Nine professional firms entered Manhattan bankruptcy court yesterday hoping to continue advising the Dewey & LeBoeuf estate in connection with the largest law firm bankruptcy in U.S. history, Am Law Daily reported. While none emerged unscathed, six of the nine firms—including lead bankruptcy counsel Togut, Segal & Segal—received the court's approval to forge ahead in their efforts on behalf of the defunct firm. Despite urgings from Dewey counsel that the former Dewey employees now at Proskauer would be shielded from involvement in the bankruptcy by an ethical wall, Bankruptcy Judge Martin Glenn denied the motion to hire Proskauer. He did, however, tell the lawyers they could submit a revised application detailing specific matters on which they propose Proskauer advise and additional case law showing that such representation would not be improper.
