Addleshaw Goddard

UK 200 2013 position: 23

Senior executive hiring and firing: issues to consider when onboarding a senior executive

HR managers have to deal with a range of challenging situations from collective redundancies to disciplinary hearings, but senior executive hiring remains an area that is particularly fraught. What makes the appointment of a senior executive such an intense experience? What are the key points that always arise when negotiating their service agreements, in addition to the financials?

Part of the problem is that HR is often asked to get involved at the point when decisions have been made and events have gathered such a momentum that the appointment has to happen within a relatively short period of time. It is not uncommon for the incumbent to remain in post at that point, blissfully unaware that his replacement is already waiting in the wings and that he will be shown the door or put on garden leave within 24 hours.

The departure of the incumbent brings into sharp relief the provisions that are most important when negotiating the new appointee’s service agreement. With a new hire lined up and ready to start, the company will want to get the incumbent out of the office swiftly, by putting them on garden leave or making a payment in lieu of notice. When negotiating the contract for the new hire, it is important to ensure that the company has maximum flexibility in an exit situation…

Click on the link below to read the rest of the Addleshaw Goddard briefing.

Briefings from Addleshaw Goddard

View more briefings from Addleshaw Goddard

Analysis from The Lawyer

  • pannone.jpg

    Another Mancunian merger for Slater & Gordon?

    Could Slater & Gordon achieve its stated aim of becoming a top consumer brand by acquiring Pannone?

  • Addleshaws

    Number crunching: Addleshaw Goddard

    The past five years have not been easy for Addleshaw Goddard. The firm’s revenue fell 7 per cent from £173.1m to £161.9m between 2008/09 and 2010/11 and despite finances looking up in 2011/12, when Addleshaws reported a 30 per cent increase in net profit, it has shown no notable compound growth in turnover since 2007/08.

View more analysis from The Lawyer


Milton Gate
60 Chiswell Street

Turnover (£m): 166.50
No. of Lawyers: 592