Partnerships

Whether you are joining or leaving a partnership. Taking advice early is the key to getting the right outcome, 'Members of LLPs cannot claim constructive dismissal and walk out, expecting to be compensated. The best advice is always: negotiate a decent deal at the outset,' says senior associate Melissa Paz.

We have represented partners from a range of professions, including stockbrokers, accountants and management consultants. We recently represented an architect in a dispute over whether he was a partner or an employee, and we have advised several female partners who were facing gender discrimination.

Our strong reputation means that lawyers from other firms frequently consult us on complex issues relating to LLPs. For instance, we acted for the partners in the securitization team at law firm Norton Rose on their move to Baker & McKenzie. Meriel Schindler, a partner in the employment team, recently negotiated with a Magic Circle law firm on behalf of a partner who was suffering from anorexia.

We can also assist in situations where the lines between partnership, shareholding and employment are blurred. The co-founder of one successful British business consulted us because he was being ousted as an employee of the company. Our client believed that this was due to a disability, but his co-founders alleged gross misconduct. The terms of his shareholder agreement also meant that he could have lost shares worth millions of pounds. We argued that our client was being discriminated against as an employee, and further that his arrangement amounted to a quasi-partnership. The company settled the dispute, with the result that our client was able to resign rather than being dismissed for gross misconduct, and received payment for his shares.

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Family office workshop in conjunction with the Association Francaise du Family Office


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Peel Hunt LLP

Acting as long standing, trusted advisors to this successful corporate broking, advisory, and trading firm, we have worked closely with its management team to help shape the firm's growth in size and sophistication over the last few years. Our highly skilled team offer both day to day and urgent advice on a number of confidential employment and partnership matters.

Advising a senior executive on his partnership exit in Hong Kong

Advising a senior executive on the termination of his employment in Hong Kong and his simultaneous removal as a partner from a UK LLP, including negotiating his severance arrangements and advising on potential claims in both jurisdictions.

Suit No. 179 of 2006/V

Acting on behalf of a professional in a claim relating to disputes arising out of a partnership deed and employment agreement, including a dispute as to restrictive covenants.

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