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

Partners at UK’s ten biggest law firms take home £1.1m in profits – The Times

“Partners at Britain’s ten biggest law firms took home an average of £1.1 million in profits last year.”

Full story

The Times, 19th November 2008

Source: www.timesonline.co.uk

Regina v W. Stevenson & Sons (a Partnership) – Times Law Reports

Regina v W. Stevenson & Sons (a Partnership)

Court of Appeal (Criminal Division)

“Legislation could render a partnership criminally liable as a separate entity from its individual partners. However, confiscation proceedings could not properly be brought against the partners’ personal assets on the basis of the partnership’s conviction.”

The Times, 5th March 2008

Source: www.timesonline.co.uk

Please note the Times Law Reports are only available free on Times Online for 21 days from the date of publication.

R v W Stevenson & Sons (A Partnership) – WLR Daily

R v W Stevenson & Sons (A Partnership) [2008] EWCA Crim 273; WLR (D) 60

“Legislation could render a partnership criminally liable as a separate entity from its individual partners. However, confiscation proceedings could not properly be brought against the personal assets of the partners on the basis of the partnership’s conviction.”

WLR Daily, 26th February 2008

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.

Women partners up as long-term prospects improve – Legal Week

“The proportion of female partners at UK law firms rose by more than 5% between 2006 and 2007, according to new research, although women still represent less than a quarter of all partners in private practice.”

Full story

Legal Week, 22nd February 2008

Source: www.legalweek.com

SRA ponders test for non-lawyer partners – Legal Week

“The Solicitors Regulation Authority (SRA) is to consult on plans for a ‘suitability test’ for non-lawyer partners in law firms in the wake of the Legal Services Act.”

Full story

Legal Week, 10th January 2008

Source: www.legalweek.com

A shame for Peter Bloxham, but not for the profession – The Times

“It was intriguing that the loudest sighs of relief after Peter Bloxham lost his age discrimination claim against his former partners at Freshfields Bruckhaus Deringer last week were from lawyers nearer the end than the start of their careers.”

Full story

The Times, 17th October 2007

Source: www.timesonline.co.uk  

City lawyers united on benefits of non-legal staff becoming partners – Legal Week

“Ninety-three percent of lawyers agree on the potential management benefits of non-law professionals joining firm partnerships — but they remain wary of introducing multi-disciplinary models. James Illman reports on the findings of the latest Big Question survey.”

Full story

Legal Week, 20th September 2007

Source: www.legalweek.com

MoJ fast-tracks LSB reforms to usher in non-lawyer partners – Legal Week

“Non-lawyers could become partners in law firms by 2008, it has emerged, after the Government amended the Legal Services Bill to fast-track the early introduction of its controversial plans for alternative business structures (ABSs).”

Full story

Legal Week, 13th September 2007

Source: www.legalweek.com

Official Receiver v. Hollens – WLR Daily

Official Receiver v. Hollens [2007] EWHC 753 (Ch)

“Subsections 303(2A) to (2C) of the Insolvency Act 1986 conferred upon the court the power to direct that the affairs of a partnership be wound up and its property administered as if the debtors had themselves presented a joint petition, even though they had not, so long as the partnership was insolvent and the order sought was one that could have been made had the individual members presented the joint petition.”

WLR Daily, 4th April 2007

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.


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