Our cross-departmental team has significant experience and specialist expertise advising LLPs, partnerships and their members and partners.
The depth and breadth of the team's experience means that we are often able to provide a new perspective on matters. Advising both LLPs/partnerships and their members/partners means we regularly present arguments from opposite sides of the table, enabling us to rapidly identify the key commercial issues and quickly resolve ancillary matters.
Working alongside our clients as part of a dedicated project team, we are able to guide businesses through a time and tax efficient incorporation and/or conversion process with minimal business disruption.
LLPs are particularly popular within the financial services sector, and our own in-house banking and regulatory expertise, and close working relationships with compliance consultants, means we can provide a comprehensive, tailored and cost-effective service to FCA regulated businesses looking to utilise this structure.
We regularly advise partnerships in all sectors, including professional services, financial services and real estate. We also have a thriving practice acting for senior partners in partnership disputes.
On the non-contentious side, we have notable expertise in drafting and advising on post-termination restrictions, complex incentive arrangements and compensation arrangements, including the impact of the FCA's Remuneration Code and likely impact of the AIFM Remuneration Code from both the business' and the executive's perspective.
We advise both businesses and senior executives on the implementation and implications of the Senior Managers and Certification Regime.
The team regularly advises on:
Examples of our work include: