It’s been a rough year for MGM Mirage with its stock price dropping like a stone and its CityCenter project mired in financial trouble. Now word has surfaced the company has hired the Dewey & LeBoeuf law firm to prepare for a potential bankruptcy.
It’s a prudent move, times being what they are, and D&L has enjoyed a solid reputation.
But if MGM Mirage has had a turbulent year, D&L can certainly relate. The law firm’s revenues have plummeted, according to an article in The American Lawyer, and the firm’s partners have taken a substantial hit in the pocketbook.