Law firms are increasingly utilizing the proverbial "golden handcuffs" in their partnership agreements, allowing them to go after the hefty bonuses and other incentives previously paid to a lawyer looking to leave.
March 22, 2022 at 06:40 AM
11 minute read
The original version of this story was published on The American Lawyer
As law firms face mounting pressure from the talent wars, many are attaching strings to their partnership agreements in order to protect their partnerships and forestall lateral departures in a high-demand market.
Since January, three Am Law 30 firms have incorporated clawback provisions into their partnership agreements that make it more difficult for a partner to leave, according to legal recruiter Larry Watanabe.
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