As the economy starts to emerge from the impact of the COVID-19 pandemic and multiple lockdowns, many law firms will be considering not only how they can ensure the firm survives but how to bounce back stronger and more resilient to the economic challenges they may have faced during the past year.
May 26th, 2021 by Marketing
We are pleased to share with you the video recording from our recent “Beyond Geographical Differences: US v UK Lateral Partner Vetting” Webinar, co-hosted with Decipher and Barnes & Thornburg LLP.
Transitioning from Founder-Led to Perpetual Governance Models: The most difficult challenge that many Professional Service Firms ever face – Professional Practices Alliance Webinar Recording
May 20th, 2021 by Stuart Smith
The transition that any firm must undergo if it is to survive and thrive after its founders retire affects every aspect of the organisation. It is at the same time both strategic and intensely personal. For founding partners, it involves giving up control of an organisation that in many cases defines who they are and […]
Professional services firms have increasingly diversified over recent years as they have sought new opportunities to serve existing clients and attempted to attract new business by offering a wide range of services at greater scale.
Is it Time to Spring Clean your Partnership or LLP Agreement Following the Court of Appeal Judgment in Joseph v Deloitte?
April 28th, 2021 by Marketing
Professional Services firms should consider revisiting the drafting of their partnership or LLP agreements, following the recent Court of Appeal decision in Joseph v Deloitte NSE LLP  EWCA Civ 1457. This is especially in relation to notice provisions (for example, provisions concerning the compulsory retirement of partners) to ensure that: the wording clearly reflects the intention of the parties; […]
Transitioning from Founder-Led to Perpetual Governance Models: Opportunities and Challenges for Retiring Founders of Professional Practices – Professional Practices Alliance Webinar, 12 May 2021, 1.00 pm – 2.15 pm BST
April 27th, 2021 by Stuart Smith
Transitioning from Founder-Led to Perpetual Governance Models | Professional Practices Alliance Webinar | 12 May 2021, 1.00 pm – 2.15 pm BST
Non-Executive Directorships – Positive Opportunity or Poisoned Chalice; Power, Influence or Unmanaged Risk? – IFSEA 2021 Virtual Conference Video
April 21st, 2021 by Marketing
The seventh session was a great discussion about the responsibilities, risks and opportunities associated with holding non-executive roles from both US and UK perspectives.
Beyond Geographical Differences: US vs UK Lateral Partner Vetting Webinar with Decipher and Barnes & Thornburg LLP
April 6th, 2021 by Marketing
Beyond Geographical Differences: US vs UK Lateral Partner Vetting Webinar with Decipher and Barnes & Thornburg LLP – Tuesday, 13 April 2021 – Time: 4.00 pm – 5.30 pm BST / 11.00 am – 12.30 pm ET
Leading Partnerships Through Significant Strategic, Remuneration And Constitutional Change – Zoominar and Q&A Recording
March 29th, 2021 by Marketing
The endurance of the partnership model as the structure of choice for professional practices is frequently credited to the idea that partnerships engender and promote a collegiate and collaborative culture, with all partners acting as owners who are responsible for driving the success of the firm.
The departure of a key partner can often cause significant financial, operational and reputational damage to a firm. It is imperative for firms to anticipate these risks in advance and have the appropriate protections and procedures in place, and where necessary, to take swift action, in order to mitigate against the adverse effects of partner departures.