Archive for the 'partnerships' Category

Lawyers are right to be cautious about going public – The Guardian

“The rewards can be big, but firms seeking to become public companies face significant hurdles.”

Full story

The Guardian, 5th May 2011

Source: www.guardian.co.uk

Fixed share partners are not employees, EAT rules – The Lawyer

“An attempt to have fixed share partners legally defined as employees has failed at the Employment Appeal Tribunal.”

Full story

The Lawyer, 26th November 2010

Source: www.thelawyer.com

Law firms to allow non-lawyer partners – Ministry of Justice

“Measures to improve the service that legal firms can give to consumers come into effect today.”

Full story

Ministry of Justice, 31st March 2009

Source: www.justice.gov.uk

Tann v Herrington – WLR Daily

Tann v Herrington [2009] EWHC 445 (Ch); [2009] WLR (D) 89

Where a partner entrusted with the responsibility of dealing with all aspects of the firm’s professional indemnity insurance failed to fulfil his obligations, a liability in damages to a client, for which the firm’s professional indemnity insurer had refused indemnity, was a liability to be borne personally by the partner because he was responsible for notifying the insurers that a claim had been made and his delay in doing so caused the refusal of indemnity.”

WLR Daily, 11th March 2009

Source: www.lawreports.co.uk

Please note once a case has been fully reported in one of the ICLR series the corresponding WLR Daily summary is removed.

In re Charit-Email Technology Partnership LLP; Vermillion International Investments Ltd v Charit-Email Technology Partnership LLP – WLR Daily

In re Charit-Email Technology Partnership LLP; Vermillion International Investments Ltd v Charit-Email Technology Partnership LLP; [2009] WLR (D) 57

“Although the interests and liabilities of a member of a limited liability partnership were different from those of a contributory to a limited company and those differences might lead to some changes in practice so far as petitions to wind them up were concerned, a person seeking to exercise a right to appear and be heard in court proceedings, whether as creditor or contributory, should at least claim to be a member of the class on whom that right was conferred.”

WLR Daily, 17th February 2009

Source: www.lawreports.co.uk

Please note once a case has been reported in one of the ICLR series the corresponding WLR Daily summary is removed.

Hard times spark falling-out of partners in leading law firms – The Times

“Once regarded as secure for life, partners in Britain’s leading law firms are now being presented with a stark choice: prove your worth or leave. Almost 2,000 of them could go.”

Full story

The Times, 6th January 2009

Source: www.timesonline.co.uk

Law firm bypasses banks to protect partners’ payouts – The Times

“A leading UK law firm has paid its partners £12 million in profits ahead of schedule because it believes that the money will be safer in private rather than corporate bank accounts.”

Full story

The Times, 5th December 2008

Source: www.timesonline.co.uk


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