Correction, 4/23/12, 4:35 EDT: The original version of this story incorrectly stated which banks Dewey & LeBoeuf is renegotiating a $100 million line of credit. Those banks are JPMorgan Chase, Citi Private Bank, Bank of America, and HSBC. The ninth and twenty-eighth paragraphs below have been revised to include the correct information. We regret the error.
Greenberg Traurig confirmed Friday that it has had preliminary discussions about hiring an unspecified number of lawyers from Dewey & LeBoeuf, which is reportedly considering a prepackaged bankruptcy plan in order to keep intact the bulk of the 1,000-lawyer, New York–based firm as it copes with a deteriorating financial situation and mass partner exodus.
