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Accounting and Financial Planning for Law FirmsFeaturesLaw Firm ManagementLaw Firm Partners

Law Firms Are Using Clawback Provisions to Stop Lateral Departures

By Jessie Yount
April 01, 2022

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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