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Professional Practices

The firm, itself a limited liability partnership, advises professional partnerships, LLPs (including fund managers structured as LLPs) and other professional practices on a range of issues. 

What do we do?

We advise on constitutional documents, governance issues, international structure, LLP conversions, team moves, mergers/demergers and disputes (both internal and external) and professional indemnity issues. 

Regulation and compliance

Following the introduction of “outcomes focussed regulation” of law firms in England and Wales, we are also increasingly involved in assisting law firms, including overseas law firms, with regulatory and compliance issues.  For more detail of the firm's expertise in this area please see below.

Alternative uses for partnerships and LLP structures

Our team also has wide experience of advising on highly innovative uses of partnership and LLP structures in structured finance and corporate transactions generally and as succession planning vehicles for families. 

Partnership dispute resolution

Our Dispute Resolution team also provides the necessary support where partnership disputes arise.

Professional Practices Alliance - Multi-disciplinary advantage

We are a founder member of the Professional Practices Alliance, an alliance of independent experts, each with their own specialist areas of expertise and experience.  We advise in key areas such as partnership, employment and corporate law, tax, accounting and compliance, to name a few.  When you come to us we route your enquiry according to the best person or team in the Alliance or we work together to provide a full service.

The team "provides sound commercial advice', drawing on its ‘excellent knowledge' and ‘depth of experience' (Legal 500).

Our Thoughts

LLP tax changes hit hard

New rules for partnerships and LLPs will have a huge impact and it is now clear that implementation will not be delayed.

The role of the deputy COLP

Partner Richard Turnor and senior associate Corinne Staves explore the role of the deputy COLP

Notifying the COLP and COFA to the SRA

The deadline for nominating the COLP and the COFA to the SRA has been extended. Despite this delay, we understand that it is still the SRA’s intention to make approval decisions on all nominations by the original date of 31 October.