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The closing down and pursual of tax avoidance schemes by the Government could have a a significant impact on a huge number of limited liability partnerships, and the management of LLPs should keep close eye on any changes. Read more
In our experience, most modern partnership/LLP agreements contain clauses which require partners/members to retire from the firm at a particular age, and most firms understand that forcing people to retire in accordance with such clauses will be direct age discrimination. Read more
April saw the start of a new financial year for many law firms and with it reports of partnership promotions suggesting growth, profitability and confidence in the future. However, looking at the detail reveals that many of these appointments are on fixed share arrangements rather than full equity. Indeed, we are aware that pressure continues for those on equity arrangements and that de-equitisations are still happening at a number of firms. Read more
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