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.
June 08, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
There is apparently never a good time to leave Pillsbury Winthrop Shaw Pittman. But the firm’s golden handcuffs aren’t holding back partners determined to leave.
The firm 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. Now the firm wants to claw back the difference.
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