Partners at Dewey & LeBoeuf have not received their monthly distributions since August due to pressures bought on by the global economic downturn. Dewey's executive committee took the decision to hold on to the monthly share of annual profits in order to bulk up the firm's cash reserve. Partners at the firm are understood to be receiving their monthly fixed payments as per normal.However, it is expected that the distribution will be made as usual this month after a strong showing in October.
November 03, 2008 at 07:46 AM
1 minute read
The original version of this story was published on Legalweek
Partners at Dewey & LeBoeuf have not received their monthly distributions since August due to pressures bought on by the global economic downturn.
Dewey’s executive committee took the decision to hold on to the monthly share of annual profits in order to bulk up the firm’s cash reserve.
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