Looking to change B4 firms (currently at Deloitte). FDD partner with 10 years experience as a partner. Strong book of PE and corporate clients. Thoughts on people being successful in such a move. We don’t see it often, or at all. Does your firm hire direct entry fdd partners? Are the non competes enforced, and what happens the first two years in that case? Just gtm and win over other accounts?

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The firms generally enforce the noncompetes on each other and will expect you to pound the pavement to feed yourself those first two years, unless they just happen to have a huge need for your skills and no internal option. Best way to pierce the non compete is a key client relationship and that client goes to your old firm asking you be released with respect to you doing their work. They’ll have to have some influence over first firm.

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Yes the non competes are enforced.

Have the firm courting you work on your non compete. The in house counsel should guide you.

If EY splits, I could see them adding a lot of direct entry FDD partners. That said, shifting firms before you vest in your pension would be a major downside.

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