When law firms first considered the move to limited liability partnership (LLP) status, one of the barriers cited was, somewhat euphemistically, 'disclosure'. In reality this was the disclosure of partners' remuneration. Other aspects of disclosure were either just accepted or, possibly, not contemplated at all.
April 22, 2009 at 09:18 PM
1 minute read
The original version of this story was published on Legalweek
Switching to limited liability partnership status confers different requirements on law firms. Steve Gale discusses important factors firms need to consider
When law firms first considered the move to limited liability partnership (LLP) status, one of the barriers cited was, somewhat euphemistically, ‘disclosure’. In reality this was the disclosure of partners’ remuneration. Other aspects of disclosure were either just accepted or, possibly, not contemplated at all.
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