Dewey & LeBoeuf Waiting for Payments from Multiple Debtors

The now defunct law firm of Dewey & LeBoeuf LLP has 50 account debtors that range in size, according to court papers filed Thursday of this week. On one end of the spectrum, Talbots Inc. is one of the firm’s debtors and on the other end of the spectrum, Equatorial Guinea is one of the firm’s debtors. The firm represented Equatorial Guinea on a variety of energy projects.

One of the debtors of the firm, Credit Agricole CIB, a French bank, is in the same building as Dewey’s former headquarters, which were located at 1301 Avenue of the Americas. Other debtors of the firm include two divisions of General Electric, Dell Inc., and multiple bankruptcy clients. Those bankruptcy clients include the Los Angeles Dodgers and Ambac.

The list of debtors for the firm was on an affidavit filed by attorney Edward S. Weisfelner on Thursday. Weisfelner is from the firm of Brown Rudnick LLP. The firm is representing the committee of Dewey’s unsecured creditors and is trying to acquire judicial approval to continue the representation. The hourly rate charged by Weisfelner comes in at $1,055 and Howard S. Steel, the co-counsel, charges $650 per hour.

Brown Rudnick was also the advisor for two investment funds that were considering selling off ‘the Debtor’s debt instruments,’ prior to Dewey filing for bankruptcy on May 28.