US law firms in London are on heightened alert this month ahead of a Government consultation which is expected to address whether US limited liability partnerships (LLPs) operating in the City should be required to disclose their financial results.
The Department for Business Enterprise & Regulatory Reform (BERR) is set to release a consultation looking at the application of the Companies Act for such partnerships in the coming weeks and many lawyers expect the treatment of overseas LLPs to feature in it.
