Bankruptcy judge OKs most of Dewey’s $700,000 bonus plan

The struggling law firm hopes to stem employee defections by offering retention and incentive pay

After a prolonged losing streak, Dewey & LeBoeuf finally got some good news yesterday, when a federal bankruptcy judge approved the firm’s plan to pay $700,000 in bonuses to its remaining employees.

The decision comes little more than a week after a U.S. bankruptcy trustee rejected the bonus proposal, saying that the firm had not provided sufficient information to show that the arrangement was economically feasible.

Alanna Byrne

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