Workforce Bulletin

The scenario of a group departure to a competitor is one that arises time and again in the financial services industry, from trading desks to private wealth management teams.  These cause significant concern and anxiety for the employer from whom the employees depart, but also some concern and risk for the hiring employer.  Often the teams quit all at once, but sometimes, in an attempt to avoid claims of violations of fiduciary duties or non-poaching clauses, teams have the junior members resign first and the senior members follow later.  Our colleagues at the Trade Secrets & Noncompete ...