Employee Raiding and Recruitment Strategies
With companies facing challenges in top-line growth, aggressive recruitment strategies are becoming more prevalent among financial institutions and other businesses seeking to recruit or retain top producers, high level executives or other talented employees. Some of these strategies may lead to claims of employee raiding in which a firm asserts a substantial economic loss due to the migration of employees to a rival firm. Stevens & Lee provides counsel proactively and reactively to those financial institutions and other businesses pursuing talent, as well as those defending against potential claims that a raid has occurred.
Whether an entire team of employees has been recruited or just one or two high-earning professionals have been hired, the financial firms or businesses involved on either side of these transitions require effective counsel to navigate complex regulatory and legal challenges. Stevens & Lee has extensive experience with employment disputes and litigation in this arena, including:
- Restrictive covenant issues
- Non-competition agreements
- Non-solicitation agreements
- Employment transition counseling
- Employee agreements
- Severance agreements
- Misappropriation or theft of confidential or trade secret information
Our team has litigated and arbitrated cases in numerous jurisdictions at both the state and federal level, regularly appearing before FINRA, the EEOC and various state civil rights agencies. In addition to providing comprehensive services concerning employee raiding and recruiting, we also have extensive experience litigating and counseling individuals, medical practices and practitioners, small to mid-sized companies and Fortune 500 companies on a variety of issues that arise with restrictive covenants and the theft of trade secrets or other confidential business or personal information.