Professional practices and LLPs

Overview

Our professional practices and LLPs group is a cross-departmental group which provides a full service to clients, with experts from our corporate M&A, employment, tax and structuring, private client, financial regulation and dispute resolution practice groups.

We provide a comprehensive service to a wide range of professional service firms, including accountants, law firms, private equity funds, hedge funds and other asset managers, architects, surveyors and other consultancies.

Our specialist expertise means that we understand all the key issues and can advise on a commercial and practical basis, while understanding the particular sensitivities of professional practices.

Our professional practices team offers a full and bespoke service. We regularly advise on:

  • mergers and acquisitions of professional practices;
  • Alternative Business Structures (ABSs) in the legal services sector;
  • the use of LLPs as a business vehicle, including conversion of existing businesses to LLPs;
  • tax structuring and financing for professional practices;
  • the appointment and removal of team members;
  • establishing limited partnerships as fund vehicles and the partnership law implications of these structures;
  • disputes involving professional practices; and
  • the use of LLPs, partnerships and other vehicles for personal financial planning.

Recognition

  • "They were able to offer the breadth of expertise we needed."

    Chambers UK 2017

  • "We have always found them to be very flexible, adaptive and creative."

    Chambers UK 2017

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