Partnership Counsel

PROFESSIONAL NOTICE

PC

Partnership Counsel was formed in 1991; since then, it has remained the only chambers specialising exclusively in all aspects of partnership and LLP law. As such, every year it has appeared in the top tier of all the recognised legal directories. Comprising only two members (Roderick I’Anson Banks and Simon Jelf), we are nevertheless able to deal with all advice and representation required by our clients in our chosen area of practice.

Disputes

Our main focus tends to be on disputes, involving both large and small firms, whether acting for an individual partner, the firm itself, its management or a majority of the partners. Although most of our clients are drawn from the professions, both in the UK and internationally, we also have extensive experience acting in disputes relating to hedge fund managers, private equity and family farming enterprises, as well as other, smaller trading concerns. Although we undertake both court and arbitration work, our priority has always been to settle cases on favourable terms, with half an eye on costs, partner time and the dangers of adverse publicity. To that end, we regularly advise on the use of mediation and do all we can to assist clients to reach a negotiated settlement through that process. Our unrivalled knowledge and experience of all forms of partnership and LLP disputes, from the likely effect of partners’ personality traits to the choice of tactics to be adopted in any given scenario, enable us to anticipate an opponent’s manoeuvres and keep our clients ahead of the game. We recognise the key importance of teamwork and are used to working closely with our clients and their other advisers.

Typical cases in which we act involve:

  • lateral hires, whether on the instructions of the partner in question or his new firm (in order to facilitate an early departure free of restrictive covenants) or on the instructions of the firm itself (in order to delay or inhibit such activity);
  • expulsions for cause or “no-fault” compulsory retirements on the grounds of underperformance or a failure to fit in, where laying the groundwork is critical to avoid a later challenge, whether in the case of a single partner removal or a more extensive partner cull;
  • issues relating to the imposition of or alternatives to garden leave;
  • threatened dissolutions; and
  • winding-up disputes, including Syers v Syers orders and the forced sale of assets. 

In all of these examples, understanding the workings of a partnership/LLP and assessing the likely impact of particular actions and the personalities involved is vital.

Drafting

We are also used to advising on, and drafting partnership and LLP agreements, whether involving a review and/or updating of an existing or proposed agreement or drafting an entirely new agreement from scratch. No two agreements are the same and we are ready to undertake complex bespoke drafting as and when required. Apart from the main constitutional documents themselves, we frequently draft retirement agreements and letters (informality often being the watchword in such cases), dissolution agreements, settlement agreements (especially before and at a mediation), salaried and fixed-share partner agreements and the like.

Limited partnerships

We have long specialised in advising on “old style” limited partnership issues under the Limited Partnerships Act 1907 and we now also advise on the establishment of private fund limited partnerships, following their introduction in 2017. Roderick I’Anson Banks was involved in the drafting of the Limited Liability Partnerships (Jersey) Laws 1997 and 2017 and is able to advise on such partnerships when required.

Strategic advice

We are also used to advising on corporate and other structures where the particular focus is on avoiding the inadvertent creation of a partnership and in those cases where it is necessary to negate an argument that a partnership exists.

Tyroon Win (practice manager):
020 7430 2005 or tyroon@partnershipcounsel.co.uk

Roderick I’Anson Banks: 
rciab@partnershipcounsel.co.uk

Simon Jelf:
sjelf@partnershipcounsel.co.uk

9 King’s Bench Walk, Temple, London EC4Y 7DX
www.partnershipcounsel.co.uk

Back to top

Follow us on LinkedIn

News & Features

Community News

Analysis

Features

Pro Bono

Corporate Counsel

Women in Law

Future Leaders

Research Reports

Practice Areas

Firms

The Who's Who Legal 100

Awards

Special Reports

Events

Shop

About Us

Research Schedule

It is not possible to buy entry into any Who's Who Legal publication

Nominees have been selected based upon comprehensive, independent survey work with both general counsel and private practice lawyers worldwide. Only specialists who have met independent international research criteria are listed.

Copyright © 2019 Law Business Research Ltd. All rights reserved. | http://www.lbresearch.com

87 Lancaster Road, London, W11 1QQ, UK | Tel: +44 20 7908 1180 / Fax: +44 207 229 6910

http://www.whoswholegal.com | editorial@whoswholegal.com

Law Business Research Ltd

87 Lancaster Road, London
W11 1QQ, UK