Trends in the Lateral Market

Webinar Overview

You have decided to make a lateral move in the legal profession but need to become more familiar with some of the more detailed issues that may be awaiting you as you navigate this process and provide notice to your current firm. After you provide notice, there are numerous issues that a lateral attorney faces in connection with her obligations to the current firm and exiting the current firm. In response to this active lateral market, recently firms have started to include certain provisions in their partnership agreements that can greatly impact when you move and how you move.

This webinar will conduct a deep dive into various contractual provisions that can impact a lateral partner move including, but not limited to, notice periods, clawback provisions, non-solicitation provisions, and setoffs—among others. Understanding these provisions can assist a lateral in determining the best time to make a move as well as ensuring that any potential effects of these provisions (economic and otherwise) are minimized, if not eliminated. The panelists who are seasoned recruiters and have negotiated hundreds of deals will discuss some real-life scenarios that they have observed and how best to deal with these provisions. The panel will also discuss the applicable laws and ethical rules that also must be considered when analyzing these various provisions. If you are a partner with a book of business, and considering a lateral move, this episode is for you.

Other Webinars in this Series

• Critical Issues in Negotiating a Lateral Move (Premiered on October 24, 2024)