Partnership

All too frequently partnerships launched with hope and enthusiasm will end in tears.

 

We can advise on partnership disputes including ramifications of restrictive covenants but more importantly, pre-partnership. Both sides in a new partnership need considered and practical advice about the partnership agreement and this applies to the new entrants to magic circle firms just as much as high street practices.

 

Partnership is seen as a recognition of achievement but brings with it responsibilities and liabilities which need to be fully considered before signing on the dotted line. Some recent high profile law firm failures only emphasise this need.