Dewey & LeBoeuf: unsecured creditors revealed
03 August 2012
The full financial fallout from the demise of Dewey & LeBoeuf has been revealed as the administrators move in to divvy out the remaining scraps. And it looks like a large number of unsecured creditors will be fighting for a meagre sum of money.
The firm's death has left a
£4.2 million pound hole where its London office used to be. Its creditors run from the firm's erstwhile landlord, Prudential Property Investments Limited, which is owed a stonking £562,414, all the way down to £174 for takeaways. Some of the chunkier claims include:
Creditor
|
Amount |
| Prudential |
£562,414 |
Practical Law
|
£373,600
|
CBRE / London Central Portfolio / MESL Group
|
>£100,000
|
Strong Vend
|
£65,408 |
Perfect Information
|
£30,000 |
Mergermarket
|
£24,000 |
| BPP |
£16,834 |
Vitesse
|
£11,327
|
Chambers & Partners
|
£11,110 |
Haz Restaurant
|
£1,249
|
Deliverance
|
£174
|
It has been reported that the Pru refused to accept the surrender of the lease, and may finish up recovering only a small portion of its missing rent. And provider of precedents and
saviour of junior associates Practical Law may finish up nursing an astonishing
£373,600 hole in its accounts.
And the little guys will suffer too: office coffee machine supremos Strong Vend could lose out on £65,408 and the local Haz restaurant on Mincing Lane is owed £1,249. And takeway service Deliverance is looking for £174.
 |
|
£65,408 worth of coffee yesterday
|
With only £600,000 thought to be available to cover all the debts, and with the administrator's costs and ex-employees' claims likely to take up most of that, it's clear the unsecured creditors will take a big hit. Perhaps Mort Pierce will
stump up. Perhaps not.
You can check out the entire list of creditors
here.