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Dewey & LeBoeuf Partners Hit with Salary Cuts
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Dewey & LeBoeufDewey & LeBoeuf announced that 66 partners of its 350 partners have seen pay cuts in the last 15 months.

Some partners have seen their compensation reduced by as much as 80%. The salary reductions are meant to encourage less productive partners to seek employment elsewhere.

The affected partners include some who have been practicing for 25 years or more.

  
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The more fortunate are now taking home $25,000 a month, standard for partners. Lower-tier partners have seen more drastic reductions, with monthly pay of as little as $10,000 — less than the starting salary for a 2008 incoming first-year.

Dewey has shut offices in Jacksonville, Florida; Austin, Texas; and Hartford, Connecticut.

Dewey & LeBoeuf is a white shoe law firm formed in 2007 by the merger of Dewey Ballantine and LeBoeuf, Lamb, Greene & MacRae. The firm has 24 offices in 14 countries.

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