Dewey Partners Likely To Face Wrath Of Creditors

Law360, New York (May 10, 2012, 7:20 PM EDT) -- Dewey & LeBoeuf LLP partners owed potentially millions of dollars in unpaid compensation are not only unlikely to recover any of that money, but could also end up on the hook for payments to creditors should the tottering firm file for bankruptcy protection, experts said.

While the struggling firm has denied plans to file for bankruptcy, experts said this week that equity partners seeking millions in unpaid compensation would be doing so as unsecured creditors if the firm does enter bankruptcy, most likely at the back of a very long line.

Further, Dewey partners who were paid their guaranteed compensation could...

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