We have advised on a number of cases where a partner has left a firm to join a new firm, and not only taken a team with them, but quite often clients too. This can be hugely disruptive to the firm they are leaving. Here, Senior Associate Wonu Sanda explains why it is important, as a firm, to ensure your restrictive covenants are reviewed early on to in order to mitigate risk and provide protection to your business. Some provisions can typically include non-solicitation, anti-team move and waiting room provisions.
For more information on how we can assist Partnerships and LLPs who may be under threat from competing ex-partners, click here.