New notice period for Herbert Smith Freehills partners
Herbert Smith Freehills is changing its rules on partner departures, introducing a six-month notice period which will be imposed at the discretion of the firm.
The new notice period, which was approved by the partnership, is midway between the policies in place at Herbert Smith and Freehills before their merger in October: half the length of the notice period at Herbert Smith, and double that of Freehills.
The new rule is introduced on the heels of a number of high-profile partner resignations from Herbert Smith in recent weeks, with senior litigation partner Kevin Lloyd leaving to join Debevoise & Plimpton, while corporate partner Will Pearce is heading for Davis Polk & Wardwell. Those partners might still be subject to Herbert Smith’s one-year notice period, since they resigned before the change.