Dewey asks court to approve $70 million clawback settlement

The firm’s estate argues that the alternative would be years of costly, uncertain litigation

After lying low for more than a week, Dewey & LeBoeuf’s estate is back in court, this time asking a judge to approve a proposed clawback settlement with former partners.

The firm paid $432 million to 670 partners in 2011 and 2012. According to court filings, it has recovered approximately $71 million from more than 400 of those partners. Ultimately, it hopes to raise $89 million in contributions, slightly less than the $90.4 million it originally sought.

Alanna Byrne

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