Partnership CounselBarristers · Partnership Law
Expert advice on all aspects of LLP law — from formation and governance to disputes and restructuring.
Limited liability partnerships present a distinct legal landscape, combining elements of partnership law with company law concepts. Our unique specialism means we understand both the formal legal framework under the LLP Act 2000 and the practical realities of how LLPs operate.
We advise on the full range of disputes that arise in LLPs — from disagreements about the exercise of management powers to the expulsion of members and claims for breach of the members' agreement.
We understand that LLP disputes, particularly in professional firms, often carry significant reputational as well as financial consequences and require a sensitive, swift and strategic approach.
Advising on the legal and procedural aspects of removing or retiring members from an LLP.
Drafting and enforcing post-departure restrictions for LLP members.
Claims arising from breach of the LLP members' agreement, including profit-sharing and governance disputes.
Advising on the fiduciary duties owed by members to the LLP and to each other.
Advising on the grounds for and consequences of winding up an LLP.
Advising members on unfair prejudice petitions and the remedies available under LLP legislation.
A well-drafted members' agreement is the foundation of a well-run LLP. We advise on the full range of LLP documentation — from initial formation to conversion from a traditional partnership and ongoing governance matters.
Our experience across hundreds of professional firms means we are alert to the issues that most commonly give rise to difficulties and can help structure your LLP to minimise the risk of future disputes.
Advising on the formation of new LLPs, including the structure of the members' agreement.
Advising on the conversion of a traditional partnership to an LLP, including tax and regulatory considerations.
Drafting comprehensive members' agreements reflecting the specific governance and financial structure of the LLP.
Advising on the appointment, powers and responsibilities of designated members.
Reviewing existing members' agreements and advising on amendment to reflect changes in the LLP's structure or membership.
International LLP advice: We also advise on LLP structures used by US law firms practising in the UK.