Dewey & LeBoeuf cuts pay of 66 partners by 80 percent

Dewey & LeBoeuf has cut pay for 66 partners by as much as 80 percent over the past 15 months, reports the Am Law Daily. Lower-tier partners have saw drastic reductions, with monthly draws of as little as $10,000, or an annual total of $120,000 --- $40,000 less than the starting salary for incoming first-years, says the report.