Dewey & LeBoeuf has confirmed that 66 partners — about one in five of the firm’s 350 partners — have seen their compensation reduced by as much as 80 percent over the past 15 months. The reductions are meant to weed out less-productive partners, firm Chairman Steven Davis tells The Am Law Daily.
Those affected by the “substantial performance-related reductions to their compensation” represent a wide range of practices, Davis says. The partners include some who have been practicing for 25 or more years.
