LeClairRyan has filed for Chapter 11 protection in Virginia after announcing back in August that it would dissolve following years of decreasing revenue and partner departures.
The firm listed estimated assets and liabilities between $10 and $50 million, in its filing with the U.S. Bankruptcy Court for the Eastern District of Virginia.
The Richmond, Va-based firm also indicated that it has anywhere between an estimated 200 and 999 creditors. The list of creditors with unsecured claims in the filing include law firm Latham & Watkins, which the document says is owed $370,243.44, and Integreon, a major alternative legal services provider. ...
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