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Partnerships and LLPs

The firm to which professionals turn to for partnership advice

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Disputes between LLP members are commonplace. With market uncertainty firms may consider this a time to re-evaluate their business model and consider reorganisation.

Whether downsizing or concentrating on recruiting in growth areas, domestically and internationally, we are the firm to which professionals turn to for partnership advice across the globe.

Our work is often behind the scenes – it is rarely in our clients’ interests for their affairs to be disclosed in public – but we have been involved in a range of high-profile advice for many well-known professional services firms.

Our lawyers are well-versed in all the issues currently affecting partnerships and LLPS and offer commercially focused and discrete advice on a range of matters including conversions, downsizing, restructurings as well as compulsory retirement, discrimination and team moves.

We can help you with the full range of corporate, financial services, tax and regulatory advice involved in the structuring of partnerships and LLPs, and draw on the strength of our global network to provide this across multiple jurisdictions. Our team advise on matters involving a range of disciplines including the Big Four accounting firms, investment funds, and top solicitors’ firms.

We have been involved in significant work for a number of key financial institutions and funds on partnership based remuneration and incentive structures which are designed to provide tax efficient operations and senior executive remuneration in the UK.  Against the current legislative background, restructuring of businesses as partnerships may offer significant benefits (specifically tax benefits). We have also been at the forefront of defending partnerships and LLPs from HM Revenue & Customs challenges.