Springtime is the season when bulbs start to bloom, buds begin to sprout and law firm partner bonuses are often paid. It is also the season for lateral partner moves.
Some partners who make a lateral move enter as equity partners subject to the new firm’s partnership agreement, others are subject to offer letters as contract partners which incorporate portions of the partnership agreement but add specially negotiated terms, and still others join firms on a proverbial and sometimes dangerous handshake.
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