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author: Zulon Begum

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.

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.

#MeTooLaw

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.

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 [2020] 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; […]

#MeTooLaw

Transitioning from Founder-Led to Perpetual Governance Models | Professional Practices Alliance Webinar | 12 May 2021, 1.00 pm – 2.15 pm BST

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 – Tuesday, 13 April 2021 – Time: 4.00 pm – 5.30 pm BST / 11.00 am – 12.30 pm ET

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.