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Proposed disclosure rules for non-UK entities owning property or bidding for Government contracts
12 April 2017The UK Government proposes new rules requiring non-UK entities that already own, or intend to acquire, UK real estate, or that wish to bid for UK central Government contracts, to be required to disclose information about the beneficial owners of the entity.
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Ten Creators, Makers & Innovators lawyers listed in Best Lawyers in the United Kingdom
Press Release
28 March 2017Lewis Silkin is pleased to announce that ten partners across the Creators, Makers & Innovators division have been listed in this year’s edition of Best Lawyers 2018 United Kingdom.
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Dating apps get even more interesting
17 February 2017A Scottish court has recently refused to find that a legal partnership existed between two former friends and Mr Elliott in relation to a business arrangement to develop and exploit a couple of online dating apps. The court held that, without a contract, there was no partnership and Mr Elliott was not obliged to share the profits from the venture with the friends.
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Partners profit share can be forfeited for breach of duty
30 November 2016The High Court has recently ruled that a partner or LLP member, who commits a breach of fiduciary duty, may forfeit any part of his profit share which constitutes remuneration.
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Limited Liability Partnerships
22 November 2016Originally conceived as a vehicle for use by professional practices to obtain the benefit of limited liability while retaining the tax advantages of a partnership, LLPs have a far wider use as is evidenced by their increasing popularity as an alternative business vehicle in a wide range of sectors
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Converting to an LLP
Inbrief
18 November 2016Originally conceived as a vehicle for use by professional practices to obtain the benefit of limited liability while retaining the tax advantages of a traditional partnership, limited liability partnerships (LLPs) have a far wider use as is evidenced by their increasing popularity as an alternative business vehicle in a wide range of sectors.
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A year of flops and firsts
Press
24 December 20152015 has been a year flops and firsts for the UK legal profession, writes Fergus Payne for The Times.
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'Slow evolution': Government plans further shakeup of legal regulation to encourage alternative providers
Press
03 December 2015Fergus Payne has been quoted in a Legal Business article on the government's consultation in spring 2016, part of which will be on making legal services regulators independent from their representative bodies.
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LLPs catch their second wind
Press
16 October 2015Limited liability partnerships are still attractive for mid-sized law firms, says Fergus Payne.
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The legal year ahead
Press
26 December 2014Fergus Payne has written an article for The Law Society Gazette.
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Pensions: enrolment and partnerships
Press
10 July 2014In an article for The Law Society Gazette, Clive Greenwood and Christopher Hitchins examine the issue of LLPs auto-enrolling its members.
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Streamlining partnership: The wider impact of the UK LLP tax changes
Press
13 June 2014In an article for Managing Partner, Fergus Payne discusses the impact of controversial UK LLP tax changes.
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Partnership tax changes cause fury
Press
24 April 2014Fergus Payne has been quoted in an article by The Times on the consequences of partnership tax changes.
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LLP legislation will affect succession planning, warn firms
Press
12 February 2014With the incoming Finance Bill legislation likely to adversely affect LLP firms' ability to thoroughly screen talent for partner roles, Fergus Payne discusses the possibility of salaried partners being asked to place more capital in the business in an article for Accountancy Age.
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Limiting liability
Press
29 October 2013In an article for Managing Partner, Miguel Pereira considers the differences between LLP and limited company structures in restricting the liability of owners.
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Privilege problems keep ABS unattractive
Press
24 October 2013In an article for Accountancy Age, Clive Greenwood discusses the creation, progress, and drawbacks of Alternative Business Structures (ABS).
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Does your LLP Agreement need a healthcheck
PDF
31 July 2013Your LLP agreement may have been drafted several years ago and now be gathering dust in a drawer. Since it was executed many things may have changed.
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Why you should avoid the distractions of the annual financial reporting round
Press
26 June 2013In an article for Managing Partner, Ian Jeffery discusses the first sets of annual results coming out of the UK's leading law firms for the financial year 11/12 and how prominence is often given to short term measures, such as profit per equity partner (PEP).
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Association of Partnership Practitioners AGM
Press
28 May 2013Fergus Payne, Joint Head of our Partnerships and LLP team, recently spoke at the APP (Association of Partnership Practitioners) AGM. A synopsis of his pre-dinner speech was included in the most recent APP newsletter and is available to read in this article.
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How To: sever a partnership
Press
20 May 2013In a Law Society Gazette article, Fergus Payne stresses the importance of studying the partnership or members’ agreement when looking to sever a partnership.