With a Professional Services firm merger it is crucial to obtain approval of the partners and retain people within the business after the merger is complete. As Partner Zulon Begum explains, we have a wealth of experience in advising clients on how to structure a deal appropriately in order to achieve this, while encouraging partners to stay and deter them from leaving. These types of transactions often include provisions around lock-in periods, good/bad leaver provisions, deferred considerations and restrictive covenants to prevent partners moving to competitors within a certain period.
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