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As part of our corporate and employment offerings, we have extensive experience of advising Partnerships and LLPs as well as individual partners and LLP members on the non-contentious and contentious aspects of their businesses.

We know what matters most to our clients and strive to provide a bespoke service to meet your needs.

In terms of our non-contentious partnership expertise, we have experience in advising fund managers, law, accountancy, surveyor and other professional firms.

From working on the conversion of partnerships and companies into LLPs to professional firm mergers, our resume speaks for itself.

Led by well-renowned lawyer, Barry Stimpson, the team has the ability to provide clear-cut advice to you on the adoption of new limited liability partnership and partnership agreements, as well as revisions to existing agreements and team hires. Our offering also includes advice on retirement arrangements, especially those involving deferred payments and investment fund carried interests.

We have a pre-eminent reputation for contentious partnership dispute resolution. Our team, headed by employment and partnership specialist, Michelle Chance, has experience in advising partnerships, LLPs, individual partners and members in the financial services, professional services and media sectors on team moves, restrictive covenants and garden leave.

The team can also help you and your business reduce their partners’ notice periods as well as providing clarity around the protection of confidential information, discrimination and whistleblowing claims, managing out under-performing or misbehaving partners, partners' retirement terms and advice on becoming an equity partner.

Get in touch

Partner
T:+44 (0)207 788 2505

What we do

  • LLP conversions
  • Professional firm mergers
  • Drafting & amending LLP and partnership agreements
  • Retirement terms, including deferred payments and investment fund carried interest arrangements
  • Team moves
  • Restrictive covenants and protection of confidential information
  • Advice on becoming an equity partner
  • Discrimination and whistleblowing claims
  • Managing out underperforming or misbehaving partners.

Examples of work

Non-contentious:

  • Advising on the merger of Grant Thornton and Robson Rhodes (the first large UK merger of professional practices)  
  • Acting for Davies Arnold Cooper in respect of its merger with Beachcroft
  • Advising a substantial number of the largest 100 Law Firms on their conversion to LLP status and on their ongoing LLP arrangements and related matters
  • Acting for a number of the 20 largest Accountancy Firms on their LLP arrangements
  • Assisting members of fund management houses, lawyers, accountants and others with their retirement negotiations and arrangements.

Contentious:

  • Acting for a U.S law firm poaching a partner and solicitor team from a UK competitor firm
  • Acting for a number of accountants who raised whistleblowing allegations and were subsequently threatened with expulsion, negotiating favourable exit terms for them
  • Obtaining an interim-injunction on behalf of a consultancy partnership against one of the founder partners who set up a competitor firm taking key clients and staff with him, mediated successful commercial and financial outcome for the client
  • Acting for a senior equity partner in a professional services practice accused of sexually harassing a junior staff member, successfully negotiated his retirement terms including a waiver of restrictive covenants in respect of his key clients, enabling him to leave with his professional and personal reputation intact
  • Advising fixed share equity partners about the impact on their status where their firms have been acquired by private equity businesses.