In a large skillet, bring the water to a boil. Add the leeks, wine, bay leaf and a large pinch of salt and simmer over moderate heat until the leeks are tender, about 25 minutes. Using a slotted spoon, transfer the leeks to a plate, keeping them intact. Add the cream and shallot to the cooking liquid and simmer over moderate heat until reduced to 1 1/4 cups, about 6 minutes. Add the lemon juice and season with salt and pepper.