EG tips on restrictive covenants on legalweeklaw.com
legalweeklaw.com November 2012:
"A challenging economic climate, the downward pressure on fees and the emphasis on retaining and increasing profits are all contributing towards a stricter enforcement of covenants; especially when a partner is seeking to move not only client relationships but a team of assistants and other partners.
In order for a partner to assess his or her ability to move with a client following (and potentially a team), restrictive covenants and their enforceability will need to be considered. Partners are sometimes taken aback to find that their covenants actually have a fighting chance of being enforced, despite on first appearance seeming overly harsh. Whilst they should be of concern, in most cases an agreement can be reached.
Legal regruitment experts Edwards Gibson details five key issues partners will need to do/contemplate in order to place themselves in the best position from which to negotiate."
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