Don’t let a partner defection damage — or destroy — your firm

Description

Abstract: In recent years, partner defections have contributed to the demise of several established firms. But such disasters usually are preventable. Even if a firm can’t hold on to every partner, this article explains how a strong partnership agreement that takes pending matters into account can make it possible to minimize the financial damage caused by defections. A sidebar notes a few of the strategies one prestigious law firm uses to retain partners.