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.
Our disputes practice is widely acknowledged as the 'go-to' firm for client's high profile/high value disputes, and our contentious partnership practice remains a core part. We are routinely instructed on sensitive contentious matters relating to partner misconduct, underperformance and fraud.
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.
Experience
A leading accounting firm
In relation to threatened claims against it in connection with vendor due diligence
Individual Partners within LLPs
Advising a range of business sectors on various matters including the appointment and retirement of members and other senior individuals
Miller Insurance Services LLP
Advising on its acquisition of Alston Gayler and Co., wholly owned by Nelson Holdings
Various firms of solicitors facing SRA investigations
Offering bespoke advice following alleged breaches of the Solicitors Accounts Rules and the Money Laundering Regulations
Awards and recognition
We are ranked in Tier 2 for Partnerships by Legal 500 UK 2025, where the firm is noted as being "a very commercial firm which bring a top-quality full-service focus to partnership and LLP work".
Legal 500 UK 2025
Our Partnerships expertise is reflected in our Band 2 ranking in Chambers UK 2024 and our clients describe us as "very commercial and not afraid to take into account what we are trying to achieve and how we operate. It is very much a collaboration working with them and they really are an extension of our business".
Chambers UK 2024
