Law Firms
As More Partners Leave, SNR Denton May Require One-Year Notice Period
In the wake of new lawyer departures, SNR Denton may enforce a policy requiring one-year notice for senior equity partners.
The latest lawyers to leave are regulatory head Chris Borg, who will join Reed Smith, and senior banking partner Michael Black, heading to Norton Rose, Legal Week reports. The firm is negotiating over release dates for the two London partners.
A spokeswoman told Legal Week that the 12-month notice requirement does not represent a change in policy.
The partner departures come amid a 36 percent drop in partner profits for 2010-11. The firm says it is budgeting for a turnaround this year.
SNR Denton was formed by a merger of Sonnenschein Nath & Rosenthal and Denton Wilde Sapte.
