HMRC guidance on salaried member tax rules: What are the implications of these changes? Ten-Minute Talk
March 25th, 2024 by Stuart Smith
At the end of February HMRC updated its guidance on the salaried member tax rules. The changes focus on Condition C, in connection with which many firms have asked their fixed share partners to make substantial capital contributions. Many are worried that there may need to be a significant change in approach, particularly for fixed […]
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Effective Integration of Lateral Hires in Law Firms: Ten-Minute Talk
January 29th, 2024 by Stuart Smith
In this Ten-Minute Talk, Partners Corinne Staves and Zulon Begum speak with legal recruitment expert Stephen Rodney, founder of IntoGreat Coaching, about how to ensure the effective integration of lateral partner hires in law firms. Key discussion points from this Ten-Minute Talk: How effective are lateral hires within law firms overall? Are firms and individuals getting it right and what improvements […]
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Updating Your LLP Agreement to Prepare for Merger: Ten-Minute Talk
December 15th, 2023 by Stuart Smith
In this Ten-Minute Talk, Partner Zulon Begum and Managing Partner Clare Murray discuss LLP agreements, focusing on how firms should update their agreements in preparation for a merger. Key takeaways from this Ten-Minute Talk: The three common ‘gaps’ in LLP Agreements in relation to potential future mergers or transactions are usually (i) unachievable decision-making thresholds […]
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Partner Remuneration & LLP Agreements: Updating Your Firm’s LLP Agreement to Reflect its Changing Partner Remuneration System: Ten-Minute Talk
November 21st, 2023 by Stuart Smith
In this Ten-Minute Talk, Managing Partner Clare Murray and Partner Zulon Begum discuss LLP agreements, with a particular focus on partner remuneration. Key takeaways from this Ten-Minute Talk: The importance of ensuring the firm’s partner remuneration system, metrics and procedures are clearly documented within the LLP Agreement and any associated policies and allow for a degree of flexibility to respond […]
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Are We Moving Towards a Global Ban on Non-Competes? Recent developments in the US and UK: Ten-Minute Talk
October 27th, 2023 by Stuart Smith
In this Ten-Minute Talk, Partner Merrill April and Senior AssociateLouise O’Connor discuss recent developments with regards to non-competes, both in the US and UK. In particular, Merrill and Louise discuss: The recent, sweeping changes to non-competes proposed by New York State The potential effects of those changes, including the exposure to employers, should the Bill be passed […]
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Key Takeaways: The SRA ultimately decided to intervene in Axiom Ince in order to protect clients, in the face of a £64m client account deficit The scale of the damage to the profession, including the impact on the SRA’s Compensation Fund, is still being assessed The existing rules may need to be strengthened to give […]
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What Are The Key Aspects of LLP Agreements That Firms Need to Update in the Current Climate? – Ten(-ish) Minute Talk
October 10th, 2023 by Stuart Smith
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. In this video, Clare and Zulon discuss: Why should firms care about their LLP agreements in the current economic market? […]
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In recent news reports, a major analysis of NHS staff found that almost one in three female surgeons have reported being sexually assaulted in the past five years whilst operating and, in some cases, sexually harassed, assaulted and raped by colleagues. In this Ten-Minute Talk, Partners Emma Bartlett and Beth Hale discuss the recent reports, in particular: What is the regulator, the […]
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How Should Lawyers and Firms React to the SRA’s Thematic Review on Non-Disclosure Agreements?
August 23rd, 2023 by Stuart Smith
The SRA first published its Warning Notice on non-disclosure agreements (NDAs) in March 2018, following concerns arising from the #metoo movement that settlement agreements containing NDAs were being used to prevent the reporting of misconduct to the relevant criminal/regulatory authorities. Approximately 5 years on, the SRA has conducted a thematic review, conducting surveys and visiting firms, […]
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Early reflections on the new SRA rules on unfair treatment and challenging behaviour – What are we seeing so far? – Ten(ish) Minute Talk
August 18th, 2023 by Stuart Smith
It has now been approximately 4 months since the SRA’s new rules on unfair treatment and challenging behaviour came into force. Having now advised on a number of these cases, it is becoming clear that the new rules, whilst undoubtedly well intentioned, are not straightforward to navigate and present a number of practical challenges for firms. […]
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