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Mayer Brown slowed repayment of departing partners' capital investments in recent months as the firm faced unpaid client bills and an outflow of money tied to exiting U.S. partners. Last summer, Mayer Brown leaders changed firm policy to take up to six months to return departing partners' capital investments � which can be hundreds of thousands of dollars per lawyer � instead of handing it back immediately.
April 21, 2008 at 12:00 AM
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The original version of this story was published on National Law Journal
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