Dewey & LeBoeuf Services Limited has picked up the cheque for a lot of the less exciting bits and bobs over the past years, and I had a quick scan through the list.
Remember, it's expected that these people will receive pretty much sod all. This is money lost to the world, never to be seen again. The total is £4.2 million. And there's £600,000 available to pay everyone back. That doesn't quite compute, and it's likely that the smaller fry will get nothing.
Chambers & Partners are owed a pretty hefty £11,110, for whatever it is that Chambers & Partners provide. On the education front, BPP is owed an impressive £16,834 - that's an LPC's worth of fees. Mergermarket, with its flashy website, is owed a nice round £24,000 (is that an annual subscription, one wonders?). Similarly, Perfect Information is owed £30,000 - again, presumably what it costs to access the website for a year. There is clearly an enormous amount of money to be made in corporate writing. For further proof, it's noted that Practical Law, fount of all legal wisdom and provider of all my precedents when I was in practice, is owed £373,600. That is a lot of money. Tip to PLC: get firms to pay in advance.
When a firm vanishes, there's always a gaping void in the real estate accounts (see also: Halliwells). And on the property front, CB Richard Ellis, London Central Portfolio (property investment) and MESL Group (building maintenance), are between them owed over £100,000. And that's before the firm's London landlord, Prudential Property Investment Managers, is taken into account - that's another £562,414.94. Oof. Another vacant office building in the City - Britain is definitely open for business.
So aside from cover from the rain, and access to high-quality legal precents, what else did the lawyers of Dewey & leBoeur require? Provider of pens and
printer toner Vitesse plc may miss that £11,327.27. Strong Vend (which sourced the office's coffee machines) has lost out on £65,408.16 and the restaurant Haz, on Mincing Lane, just off Houndsditch (you can smell
the place from miles away - they pump the smell of grilling meats into
the street to tempt in fat lawyers), is owed £1,249. Which gets you
several enormous lunches of humous and lamb shish. At least Dewey &
LeBoeuf LLP types had taste, and only owed the excerable Deliverance £174.
Check out the full accounts here
(courtesy of The Lawyer). Sad reading.