Dewey LeBoeuf Said to Be Close to Extending Deadline

Dewey & LeBoeuf LLP, as it faces a possible bankruptcy after losing more than 80 lawyers, is near an agreement with banks about extending its line of credit, a person familiar with the talks said.

The extension, giving the New York law firm more time to keep operating and collecting bills from clients, would be for a couple of weeks, much less than the 120 days envisaged this past weekend before Dewey’s talks with Greenberg Traurig LLP about a partial combination ended, said the person, who declined to be named because the talks were private.