Banks Pressure Former Dewey Partners to Repay Loans

, The Am Law Daily


Loans taken out by Dewey & LeBoeuf partners to fulfill their capital contribution obligations—worth 36 percent of their target compensation—are coming due and Citibank and Barclays are pressing for their money back. At least one former partner is the target of litigation by Citi.

This content has been archived. It is available exclusively through our partner LexisNexis®.

To view this content, please continue to Lexis Advance®.

Continue to Lexis Advance®

Not a Lexis Advance® Subscriber? Subscribe Now

Why am I seeing this?

LexisNexis® is now the exclusive third party online distributor of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® customers will be able to access and use ALM's content by subscribing to the LexisNexis® services via Lexis Advance®. This includes content from the National Law Journal®, The American Lawyer®, Law Technology News®, The New York Law Journal® and Corporate Counsel®, as well as ALM's other newspapers, directories, legal treatises, published and unpublished court opinions, and other sources of legal information.

ALM's content plays a significant role in your work and research, and now through this alliance LexisNexis® will bring you access to an even more comprehensive collection of legal content.

For questions call 1-877-256-2472 or contact us at

What's being said

  • Lulaine

    This is very sad chapter in the tragedy that is Dewey Leboeuf. The partners aren't compensated and now they are liable. That is why it is important to be engaged as a partner in the finances of the firm to avoid situations like this. There is no point in suing because the firm is bankrupt. Also the creditors are looking to get their money back as well as employees who might have lost deferred compensation like pension benefits, 401k contributions and the like.

  • claude funston

    what a nightmare

Comments are not moderated. To report offensive comments, click here.

Preparing comment abuse report for Article #1202560896363

Thank you!

This article's comments will be reviewed.