Partnerships

“Blake Morgan are approachable and accessible. I would certainly recommend them to other parties looking at redrafting or updating their practice agreements.”

Chambers UK A Client's Guide to the Legal Profession 2016

Our Partnership Law team provides an expert service to all traditional General Partnerships, Limited Partnerships and Limited Liability Partnerships (LLPs)

Main areas of practice

Our team of partnership law specialists are highly experienced in dealing with all aspects of partnerships, including:

  • Drafting and interpretation of partnership agreements
  • Formation of LLPs and drafting Members’ Agreements
  • Sale and purchase, mergers and acquisitions
  • Handling disputes and issues flowing from partnership situations
  • Advising on strategies for managing and expulsion of under-performing partners

Our team are regularly called on to address partners’ meetings where issues have arisen and to steer partnerships away from dispute and towards reaching positive outcomes.

The firm’s expertise includes the use of partnerships, particularly Limited Partnerships under the Limited Partnerships Act 1907 and LLPs, as joint venture vehicles, mainly for property and other developments.

Clients

The firm advises groups of consultants and other professionals in a number of sectors. In particular we advise groups in the health sector including orthopaedic surgeons, radiologists, plastic and general surgeons, anaethetists, GP practices and consortia.

In other sectors the firm advises surveyors, agricultural consultants, property consultants, law practices, patent attorneys and other commercial partnerships as well as property developers in construction and development joint ventures.

Significant experience

Examples of the firm’s experience include:

  • Advising a large group of consultants on their contract with a major private health provider. 
  • Advising a law firm on the expulsion of an under-performing partner.
  • Advising on age discrimination issues for a major professional partnership.
  • Advising on the setting up of management structures for larger partnerships.
  • Advising on the introduction of new partners and the handling of goodwill value.
  • Advising on tax and employment issues relating to fixed share and salaried partners.
  • Advising partner on numerous exits, contentious and non-contentious, and their rights and obligations on such exits.

Related expertise

Main contacts

Related Knowledge & Resources

Falling divorce rates

It is being reported today in The Telegraph that the number of couples divorcing is now at the lowest rate for forty years, despite the fact that the number of marriages taking place has increased.

Pharmacies and ancillary use – landmark appeal decision

A key appeal decision for the pharmaceutical sector was reached this month in respect of an application for the construction of a new pharmacy adjacent to the existing Oak Lodge Medical Centre in Barnet.

Partners in LLPs are protected by whistleblowing laws

In a case which could have implications well beyond the legal sector, the Supreme Court has held that a fixed-share partner in a Limited Liability Partnership (LLP) law firm was a 'worker' who was protected by whistleblowing laws.