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By Sabina Lippman

CenterPeak's Sabina Lippman reveals the harsh reality of BigLaw departures: "Some firms retain a portion of compensation or bonuses as a retention tool, leading to potential forfeitures if a partner leaves before payouts." Her advice? Review your partnership agreement with an ethics lawyer to understand potential losses, then negotiate with your prospective firm to cover forfeited compensation. The key to minimizing damage? Handle your departure professionally by following partnership agreements, assisting with client collections, and maintaining good relations to avoid triggering punitive measures.