Webinar: Lateral Hires – Issues to Consider
Monday, March 21, 2022
12.00 - 13.00
Employment, Pensions & Immigration
In this webinar we will consider some key issues around the hiring and integration of new partners, including disclosure of confidential business and client information, data protection, restrictive covenants and on-boarding considerations.
Lateral hires are a key part of business growth for law firms, and yet there is a natural conflict to overcome between the information required for a partner’s move to a new firm, elements which will help a move be successful, and a partner’s obligations – both to their current firm and regulatory obligations.
There is also a natural conflict between a partner’s desire to be a success in their new firm, and their obligations to their current firm to act in its best interests (and to abide by restrictive covenants).
In this session we will consider some key issues around the hiring and integration of new partners, including disclosure of confidential business and client information, data protection, restrictive covenants and on-boarding.
Our panel for this session will be Fergal Cathie, our lead regulatory lawyer for law firms (Chair), Chris Holme who works with a number of law firms in relation to people issues and leads our employment team’s professional services sector group, and Niya Phiri from our law firm liability, regulatory, disciplinary and investigations team. Chris will also bring to bear his experience in lateral hires from being a member of our UK Board, and our lateral partner hire committee.
- The basic obligations of partners
- Regulatory obligations relevant to lateral hires
- What a recruitment process may look like
- What a lateral hire move may look like and the issues involved
- Issues seen in lateral hires based on our experience
- Key rules of the road
- Who may be impacted by regulatory issues