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Large Firms

Jun. 29, 2012

Documents show Dewey loan terms

Internal Dewey & LeBoeuf LLP documents show efforts Citibank and the firm undertook to convince firm partners to take on loans to pay off their capital contributions.


By Kevin Lee


Daily Journal Staff Writer


Internal Dewey & LeBoeuf LLP memorandums acquired by the Daily Journal reveal the efforts Citibank N.A. and the firm undertook to convince partners to take out loans to cover their capital contributions to the firm.


Dewey acted as a loan facilitator, promising partners it would pay all loan interest for the first three years and all but 2 percent of the interest for the following three years, accordi...

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