Minimizing 'Jewel' Risks In Lateral Partner Hiring

Minimizing 'Jewel' Risks In Lateral Partner Hiring

Law firm bankruptcy headlines are catnip for strong firms hoping to bolster their own talent by luring lateral hires away from weak ones. With those opportunities, however, comes the real risk — “Jewel” litigation, or being sued later by the failed firm’s bankruptcy trustee. Among other things, hiring firms may encourage potential laterals to retain separate counsel, say attorneys with Arnold & Porter LLP.

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