Dewey U.K. Said Preparing Wind Up While U.S. Soldiers On

Dewey & LeBoeuf LLP is preparing to liquidate its U.K. office while its U.S. practice tries to collect its bills and preserve its business, a firm executive and two people familiar with the situation said.

The New York-based law firm’s London office appointed a committee including restructuring lawyer Mark Fennessy and banking lawyer Bruce Johnston to review its options to wind down or close the business, said the people, who declined to be named because the matter is private. More than 25 partners work at Dewey’s London operation, out of about 300 partners worldwide before a round of departures, said one of the people.