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THE BANKRUPTCY STRATEGIST

December 2012

Dewey & Leboeuf Partner Contribution Settlement Agreements Seek to Avoid the Long and Winding Road of Law Firm Bankruptcies

By Steven B. Smith and Joy L. Monahan

This article explores the process by which the key parties-in-interest in this case successfully negotiated the Partner Contribution Settlements or PCPs, the rationale behind Bankruptcy Judge Glennís approval of the PCPs, as well as some of the issues that the United States District Court for the Southern District of New York is currently considering on appeal.

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