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View our top 5 most popular Partnership and Regulatory Law content from 2023

In this news alert, we bring you a round up of our top 5 most popular Partnership and Regulatory Law content from 2023.

What Are The Key Aspects of LLP Agreements That Firms Need to Update in the Current Climate? – Ten(-ish) Minute Talk

In this Ten-(ish) Minute Talk, Managing Partner Clare Murray and Partner Zulon Begum discuss the key aspects of LLP agreements that professional services firms should consider updating in the current market, as well as showcasing our online tool, CheckYourLLPAgreement.

View the Ten-Minute Talk here.

Partner Moves and Restrictive Covenants – Key Considerations

It’s that time of year again when many of us think about the things we can change to make our lives better: exercising a bit more, eating and drinking a little less, or pursuing a new interest are all common goals which can hopefully be achieved with sufficient dedication. Some will want to go further, though, and will be thinking of making the move to a different firm, with expectations of higher pay, greater job satisfaction, or a better work-life balance.

If you fall into the latter category then it’s a good idea to check your restrictive covenants, so you can get a feel for how challenging the move might be. Many partners who are looking to change firms are surprised by the broad reach of partners’ restrictive covenants, especially when compared….read more here

Top Tips for Partner Moves and Exits

There is a lot to think about when partners are leaving firms and joining new ones, so partners and/or recruitment professionals could lose sight of the really fundamental points to consider.

As a reminder, Partner Corinne Staves shares her top tips for partner moves and exits here.

The SRA’s Intervention into Axiom Ince – Ten-Minute Talk

On 3 October 2023, the SRA announced that it had intervened into Axiom Ince, having previously intervened into the practices of three former directors of the firm. The SRA’s costs of the intervention are likely to be substantial, and, given the reported client account deficit, there is the potential for significant claims on the SRA’s Compensation Fund.

In this Ten-Minute Talk, Managing Partner Clare Murray and Regulatory and Professional Discipline Partner Andrew Pavlovic discuss the background to, impact and  initial lessons to be learnt from the Axiom Ince intervention and collapse.

View the Ten-Minute Talk here.

Own Interest Conflicts: Essential Reading for Partners and GCs
Andrew Pavlovic, professional discipline and regulatory Partner, has authored a practice note for PLC’s Practice Compliance and Management resource hub.
The practice note provides an in depth review of own interest conflicts, with reference to relevant decisions of the Solicitors Disciplinary Tribunal, providing practical answers to the following questions:
  • What are own interest conflicts and can a firm continue to act in an own interest conflict scenario?
  • When will the SRA take action against individuals and firms (or both) for acting where there is an own interest conflict?
  • How can own interest conflicts arise from personal and professional relationships, professional appointments, personal memberships and funding arrangements?
  • What are the particular risk areas for in house-General Counsel in this area?
  • Own interest conflicts and mistakes – can a firm continue to act after making a mistake?
  • Where an own interest conflict emerges should this be reported to the SRA?

Read the practice note here

Reproduced from Practical Law with the permission of the publishers. For further information visit www.practicallaw.com.