BigLaw Gets Serious About Contracts To Stem Lateral Losses

Law360, New York (April 19, 2013, 7:44 PM EDT) -- Bad financial times at BigLaw are spurring firm leaders to try to hold a harder line on partners headed for the exit, forcing lateral movers to navigate increasingly restrictive contract provisions that have historically been overlooked, partnership experts told Law360.

"The world has changed since 2008, and I think firms are very much looking at the bottom line and trying to protect their assets," said Leslie Corwin of Greenberg Traurig LLP, a partnership law expert who frequently handles firm ruptures and partner-firm contract disputes. "The only...
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