Limited liability partnerships (LLPs)

As the use of limited liability partnerships has grown, we have increasingly advised parties on structuring their arrangements in this way, as well as via more traditional partnership structures.

Our Business Law team specialises in advising limited liability partnerships on the running of LLPs, drafting members agreements, advising on the rights and liabilities of members and resolving disputes between members of the LLP.

We act for many professional practices such as solicitors, accountants, creative and media businesses and a growing number of medical practices. We have carried out numerous conversions to LLPs from alternative business structures.

We assist LLPs in the following:

  • Drafting the LLP agreement and associated commercial agreements
  • Advantages and disadvantages of converting to LLP status
  • Resolving LLP disputes 
  • Alternative business structures
  • Admission of new LLP members and leaving the LLP
  • Dissolution of LLPs and liabilities of members on termination of an LLP 
  • Status of members and employment law rights 
  • Enforceability of restrictive covenants
  • Cross-option insurance agreements