Dewey to revise proposed clawback settlement with ex-partners

The beleaguered law firm has delayed the settlement deadline by two weeks, and will reportedly modify the proposal in light of partners’ concerns

Dewey & LeBoeuf is backing off of a proposed clawback settlement with its former partners after meeting with heavy criticism from some ex-employees earlier this week, according to emails obtained by the Wall Street Journal.

The firm has extended the deadline for reaching a settlement from July 24 to Aug. 7, and will reportedly modify the settlement to reflect partners’ concerns. Joff Mitchell, the estate’s chief restructuring officer, will present these modifications at a July 26 meeting with ex-partners in Manhattan.

Alanna Byrne

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