Dewey Seeks Court's OK For $700K In 'Morale' Bonuses

Law360, New York (July 5, 2012, 3:32 PM EDT) -- Collapsed law firm Dewey & LeBoeuf LLP on Tuesday asked a New York bankruptcy judge's permission to dole out up to $700,000 in bonuses to its remaining 52 employees, saying the money was critical to fighting attrition and boosting low morale.

Dewey, which filed for Chapter 11 bankruptcy May 29 following the defection of more than half of its partners, said it would struggle without the bonuses to keep its dwindling workforce intact. The firm asked the federal court to authorize incentive and retention plans for...
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