Dewey looks to pay remaining staff $700,000 in bonuses

The defunct firm hopes the payouts will entice the remaining 52 employees see the wind down to its end

Nothing keeps people happy like a fat wallet. And no one can ever accuse bankrupt New York law firm Dewey & LeBoeuf of being shy when it came to promises of doling out ducats.

Now, the firm announced that it wants to dangle a carrot in front of its remaining 52 employees. Dewey hopes to pay its remaining workers up to $700,000 in bonuses in an effort to keep them happy and stick out however long it will take to finish dismantling what’s left of the defunct firm.

The list of debtors popped up just days after Dewey’s former partners had a conference call with the firm’s bankruptcy advisers and the two partners left overseeing the wind down regarding the progress of a clawback settlement. The plan sought to settle all remaining claims from more than 5,000 creditors within two weeks.

Judge Martin Glenn of the U.S. Bankruptcy Court in Manhattan will consider Dewey’s request on July 25.

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