We understand how professional firms work and the challenges that they, in common with other businesses, face. We can advise firms on how to adapt to those challenges and put the right structures in place in order to manage change and risk effectively. We can guide partnerships through the processes of merger and demerger and conversion to LLP status as well as draft all the necessary documentation including guidance papers for circulation to partners.
Our team of professional practice lawyers has advised partnerships, LLPs and individual partners and members on specific issues arising out of succession, recruitment of partners including lateral hires, performance issues, de-equitisation and partner exits.
We are experienced in acting for both partnerships and partners in litigation and have achieved the successful and cost effective resolution of partnership disputes.
We also act for regulators and firms and individuals in investigating, prosecuting and defending proceedings for professional misconduct and can advise both firms and partners on risk management and how to respond to regulatory complaints. In addition, our lawyers can provide in-house training on work management systems, complaints handling and avoidance.