Partnerships and LLPs are diverse businesses and the relationships and arrangements between the partners often complex; we provide straightforward, practical advice to enable our clients to resolve issues and achieve their goals.
Our highly-regarded team draws on expertise from around the firm, including employment and discrimination, commercial, tax and dispute resolution, to provide LLPs, partnerships and individual members/partners with holistic, practical advice.
Our clients are drawn from a wide range of sectors, including professional services, financial services and real estate. They value our straightforward advice and pragmatic approach.
A major aspect of our work is resolving disputes within partnerships/LLPs, including those involving discrimination or whistle-blowing allegations, whether through arbitration, mediation, or where necessary, litigation. Our experience acting on both sides of the table gives us invaluable tactical insight and enables us to devise creative strategies to resolve issues swiftly and effectively. We are highly sensitive to the professional, regulatory and reputational issues involved and work closely with our Business Crime, Regulatory and Reputation Management colleagues to minimise the fallout from any litigation.
The team regularly advises on the set up and formation of LLPs and partnerships, LLP conversions, and rights and duties of members and partners. The team can also help you with partnership/LLP tax.
If you're looking to expand your business, we advise on partner hires, disputes and departures (including profit share and tax aspects).
We regularly draft and advise our clients on post-termination restrictions, complex incentive arrangements, and compensation arrangements, including the impact of the FCA's Remuneration Codes for financial services clients.
We also advise both businesses and senior executives on the implementation and implications of the Senior Managers and Certification Regime and Conduct Rules.