Our Partnership Expertise

Our Partnership Agreement and LLP Expertise

Examples of our recent partnership agreement and LLP work includes:

• Partnership & LLP members' agreements
• Partner expulsions & retirements
• Regulatory
• Mergers
• Advice to new partners
• Partnership & LLP disputes
• Investment vehicles

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Partnership Agreement and LLP Members' Agreements

• Acting for a firm of head hunters in drawing up a LLP members' agreement using corporate tax partners for tax efficient profit extraction.

Partner Expulsions and Retirements

• Advising two chartered accountants in connection with payments due to them following their retirement from a firm where disputes arose over the valuation of goodwill and other assets.
• Advising a firm of accountants on the departure of a partner who had been underperforming for many years where there was no provision for compulsory retirement in the partnership agreement.

Regulatory

• Advising a US law firm on its ability to practice US and UK law in the UK and methods of efficient profit extraction and repatriation to the US practice.
• Advising a veterinary practice on recent changes concerning proposed new rules from the Royal College of Veterinary Surgeons relating to referral practices.

Mergers

• Acting for the partners of Robson Taylor in connection with their merger with Baker Tilly.
• Acting for the partners of Richardson Groves in connection with their merger with Baker Tilly.
• Acting for a Gloucestershire based firm of solicitors in connection with its merger with another local practice.

Advice to New Partners

• Providing independent advice to numerous prospective partners on the terms of their admission to partnership/as members of LLPs in the legal and accountancy professions including reviewing partnership/members agreements, deeds of adherence and undertaking legal due diligence.

Partnership and LLP Disputes

• Acting for the claimants in connection with a heavily contested solicitor LLP practice which included injunction proceedings and a claim for unfair prejudice under section 994 Companies Act 2006.
• Acting for one party to arbitration proceedings in connection with an accounts dispute following the demerger of a commercial law firm.
• Acting for a GP partner in connection with an alleged wrongful expulsion.
• Acting for a horticulture business in relation to various longstanding disputes including in relation to unsigned partnership accounts.

More on partnership disputes and partnership dispute resolution.

Investment Vehicles

• Advising three universities on the establishment of a limited liability partnership fund as an investment vehicle for university spin-out companies.

To discuss how our partnership and LLP solicitors can help you, please contact Jos Moule on 0117 314 5650.