Remember back in February 2019 when about 130 lawyers fled France’s largest law firm, Fidal, to go work at KPMG France’s new legal practice, KPMG Avocats, and Fidal managing partner Yves de Sevin was pissed and said the firm was going to sue the pants off of KPMG for “unfair competition?” Well, we have an update on this lawyer-poaching melee, and fortunately for KPMG, it’ll get to keep its khaki trousers on for the time being.
Fidal and KPMG Avocats have resolved their differences and will not be going to court over the mass hiring by KPMG of 130 Fidal lawyers in 2019, Fidal said Thursday [Sept. 10].
Details of the settlement are confidential, according to Christophe Vinsonneau, an M&A and capital markets partner at Darrois Villey Maillot Brochier, the law firm representing Fidal.
“The two firms have decided not to litigate, have resolved their differences, and will go their own ways,” Vinsonneau, the designated spokesperson for the firm, told Law.com International by telephone. He declined to comment further.
It would have been fun to see lawyers for these two firms duke it out in court, but alas, it was not meant to be.
KPMG and Fidal Settle Mass Hire Dispute [Law.com]