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Dewey holds back profits to create 'cash cushion'

Author: Jeremy Hodges

03 Nov 2008 | 12:43 | secure

Partners at Dewey & LeBoeuf have not received their monthly distributions since August due to pressures bought on by the global economic downturn. Dewey's executive committee took the decision to hold on to the monthly share of annual profits in order to bulk up the firm's cash reserve. Partners at ...

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