LLPs & Partnerships

We have extensive experience advising professional and financial services firms, including legal and accountancy practices, fund managers and real estate development and investment companies, as well as their members and partners, on LLP and partnership matters. We help our clients navigate issues that are often highly sensitive and complex.

Given the intricate nature of LLP and partnership arrangements, we draw on expertise from across the firm in employment, incentives, tax, corporate, commercial and dispute resolution where required.

This enables us to provide LLPs, partnerships and individual members and partners with effective and comprehensive advice.

We take a flexible, practical and discreet approach. Drawing on our strong track record in resolving disputes, we bring clarity and insight to contentious negotiations with disaffected members, partners, teams, committees, firms and investors.

We specialise in LLP and partnership hires, disputes and departures, including issues in connection with:

• Appointment, profit sharing and complex incentive arrangements
• Expulsion, retirement, exclusion and dismissal
• Leadership and ownership challenges
• Personal and partnership liabilities
• Goodwill, good faith, fiduciary duties, implied terms and fundamental breaches
• Regulatory implications
• Unfair prejudice and management or corporate member liability
• Discrimination and whistleblowing rights
• Drafting and enforcing restrictive covenants
• Guarding against partner or team defections as well as finding paths through partner and team moves for acquisitive firms