Skadden, Arps, Slate, Meagher & Flom moved a step closer to ending a contentious and closely watched labor fight this week when it agreed to settle a proposed collective action that sought overtime pay for former contract lawyers at the firm.

The deal, unveiled in a court filing on Tuesday, would resolve a Fair Labor Standards Act lawsuit brought against Skadden and co-defendant Tower Legal Staffing Inc. in July 2013. The proposed settlement calls for a $75,000 payout to named plaintiff David Lola and two other contract lawyers who performed document review for Skadden.

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