Bankrupt law firm Dewey & LeBoeuf revised its settlement offer to former partners yesterday, dropping its potential recovery to $90.4 million from $103.6 million, Reuters reported yesterday. The estate is seeking the money from the former partners in exchange for releasing the lawyers from potential clawback claims. Under the revised offer, detailed to partners during an afternoon meeting at the New York Hilton & Towers, the minimum amount was reduced to $5,000 from $25,000. The maximum contribution was increased to $3.5 million from $3 million. At the same time, the new plan calls for onetime members of Dewey's executive committee to pay a 20 percent premium on top of what they otherwise might contribute.
