A Reuters article notes that Washington D.C. law and lobbying firm Patton Boggs is working with restructuring lawyers as it deals with waning revenue and continues to discuss a merger with a larger law firm. The article cites information obtained from people familiar with the matter.
Al Togut, the bankruptcy and restructuring lawyer who advised the law firm Dewey & LeBoeuf before its collapse in 2012, and through its subsequent Chapter 11, has been consulted by Patton Boggs, said two of the sources who declined to be named because the matter is not public.
Patton Boggs managing partner Edward Newberry neither confirmed nor denied the hiring of Togut according to Reuters.
The Reuters article further notes that the hiring of Togut does not necessarily mean Patton Boggs is planning a bankruptcy filing. For example, the firm could be looking for additional legal help on restructuring the firm's business, the sources said.