Just google, but here is the relevant snippet. Since Xenith IP...

Just google, but here is the relevant snippet.

Since Xenith IP purchased Griffith Hack in November 2016, the latter has lost 20 IP beagles. And at Watermark, purchased by Xenith at around the same time, 16 lawyers, trademark attorneys and partners are gone (Watermark, like most outfits in this space, wasn't a large firm: it currently lists 21 staff on its website).

For the record, all three firms insisted their turnover levels aren't any higher than they used to be. Speaking for the group as a whole (rather than singling out individual firms as we have), an IPH spokesman said turnover was less than 10 per cent a year. On the question of how to retain staff who can no longer dream of equity partnership, Xenith chief Craig Dower gave a typical response by arguing the listed model meant there were more opportunities for staff advancement than there used to be under the "far more restrictive" partnership model. And Qantm's Allen agrees.

Some defenders of the new listed IP firm model acknowledge there's been some shake-up as some employees, particularly partners, come to miss their old autonomy, but insist the listed entities attractive to others, such as those who value flexibility. But is the loss of the most experienced and the most financially ambitious so easily overcome? After all, clients often follow their attorneys out the door. We're considering this a watching brief.