Pillsbury Winthrop Shaw Pittman is in the midst of a dispute with as many as a dozen of the 43 partners who left the firm in 2006. They received $15,000 per month as a draw against future profit distributions. According to the firm, the amount of the draw exceeded the profit earned by the partners. In addition, much of highly paid partners' compensation comes in the form of a bonus paid in April, and anyone who leaves before then forfeits the whole thing. Now the firm wants to claw back the difference.
It Doesn't Pay to Leave Pillsbury Winthrop
The American Lawyer
June 8, 2007