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News: Dewey Abruptly Lays Off 450 Employees

Employees stunned, as Dewey lays off 450 of its staff today. The firm had already shed more than a third of its partnership since the start of the year.

Pummeled by a heavy debt load due to an aggressive expansion strategy, the core of Dewey’s financial problems were brought upon the firm by the multiyear, multimillion-dollar guaranteed-pay packages that were given to its top lawyers and star recruits.