Dewey & LeBoeuf hires bankruptcy counsel

Speculation abounds as the floundering firm has lost about 70 partners since January

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.

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