Dewey Failure Won't Dampen Partner Paydays At Other Firms

Law360, New York (February 28, 2013, 8:35 PM EST) -- Dewey & LeBoeuf LLP struggled to pay its partners their sky-high salaries and bonuses for many months — possibly even years — before it filed for bankruptcy, but experts say Dewey’s fate won’t scare other big law firms into scaling back their partner compensation.

The defunct firm, which got the final go-ahead from a bankruptcy judge Wednesday to liquidate and repay its creditors, found itself in hot water in the months leading up to its May 2012 Chapter 11 filing when its revenues were down, it...
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