Are Financial Disincentive Provisions Enforceable? What Recruiters Need to Know
Law firm partnership agreements increasingly include financial disincentive provisions tied to departures. These provisions include, but are not limited to, forfeiture of earned compensation, and clawbacks of bonuses and/or other compensation. Whether these provisions are enforceable turns on a factspecific inquiry involving which law governs, how the firm applies the provision in practice, and — [...]