How to Protect Your Firm’s Goodwill with Partner Restrictive Covenants – The Key Building Blocks of an LLP Agreement: Part 3
July 20th, 2021 by Marketing
It is crucial that firms safeguard the goodwill in their business following a partner’s departure, by ensuring that any retiring partner restrictive covenants are enforceable as far as possible.
Securing Long-Term Stability of your Firm through your LLP Agreement – The Key Building Blocks of an LLP Agreement: Part 2
July 14th, 2021 by Stuart Smith
The success and stability of any professional services firm will often depend on its ability to retain its best people. There are of course many “push” and “pull” factors (some of which will be outside the firm’s control) that will determine whether some partners remain committed to a firm. Long-term home working during the pandemic […]
The Key Building Blocks of an LLP Agreement: Decision-Making and Management Structure in LLP Agreements
July 6th, 2021 by Marketing
The LLP Agreement of any professional firm is a living document, as it is a constant reference point throughout the business cycle of the firm. As well as containing day-to-day management and decision-making provisions, an LLP Agreement needs to adequately address all of the crucial junctures commonly faced by professional services firms, for example partner […]
What makes LLPs so attractive to professional services practices and what issues can deter or prevent a Firm from converting to an LLP?
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