In Georgia and elsewhere in the Southeast, a new strategy is slowly gaining traction that is designed to help companies with what can be a thorny problem: key employees jumping ship to join the competition. Commonly called garden leave, this strategy involves paying departing employees to do nothing other than “tend to their gardens,” as the British who originated the concept put it.
The reason a company may consider such an expensive step is that it can reduce risks tied to an important employee’s departure, including the cost of lost revenue and new litigation. But while garden leave may continue slowly increasing in the business world, it has virtually no chance of being used by law firms in the Southeast.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]