How a Consumer Hired a Lawyer to Review an Equity Compensation Agreement in Texas

In 2021, a personal client in Texas sought assistance in reviewing an equity compensation agreement following a partnership between their employer and a private equity firm. The client was offered p-units as equity and the option to invest significantly to become a shareholder but expressed concerns about a potential non-compete clause that could restrict future employment opportunities. Additionally, they wanted to ensure there were no other overlooked issues or wording that needed modification in the agreement. As a result, the client received six proposals from licensed lawyers, with flat fee bids ranging from $485 to $900, all submitted within the requested deadline of one week.