Texas Takeaways: Mitigating or Preventing the Loss of Clients in a Lateral Move
"The key, I think, is to prevent silos from growing up around important clients. The more lawyers that are involved in a client relationship, the harder it will be for a single lawyer to port the entire relationship to another firm."
May 06, 2022 at 03:56 PM
4 minute read
I'm Kenneth Artz, and this is Texas Takeaways. We're always looking for feedback from our readers. Please send a note to [email protected] with ideas, questions or comments. We look forward to keeping in touch!
There was a time when lawyers routinely stayed put at the law firm that hired them, but now it's far more common for them to make lateral moves. When they do this, there is the fear and expectation that they will take their clients with them. The new hire and their client base can benefit the new firm greatly, but leave the old firm with hard feelings (or worse).
So, what can a law firm do to protect themselves whenever an attorney makes a lateral move? Texas Lawyer spoke recently with Randy D. Gordon, the office managing partner of the Dallas office of Duane Morris. He is also an executive professor of law and history at Texas A&M University School of Law.
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