A limited liability partnership (LLP) is the preferred entity for organisations that provide professional services in the United Kingdom. Structured in the right way, an LLP can be an efficient, flexible and robust vehicle. Our specialist professional practice lawyers can help firms benefit from these advantages. We also advise on issues arising in professional practice trading through limited companies or as traditional partnerships.

Our professional practice and partnership services

Keystone has substantial experience in advising professional practices and individuals across a broad spectrum of services, including formation and incorporation, restructuring, merger and acquisition, risk, regulation and litigation.

We can help practices through the processes of merger and demerger or conversion to LLP status, as well as drafting all the necessary documentation, including guidance papers for circulation to partners.

We are also experienced in acting for both professional practices and partners in dispute resolution, whether by negotiation, mediation, arbitration or conventional litigation. We frequently encounter issues relating to retirement, expulsion, de-equitisation, succession, dissolution, insolvency, discrimination and the enforcement of restrictive covenants.

Our team of professional practice lawyers regularly act for practices and individuals on matters relating to professional misconduct, risk management and how to respond to regulatory complaints. They are well placed to provide training on work management systems, complaints handling and risk avoidance.

Who do we advise?

Our client base comprises solicitors, accountants, architects, dentists, doctors, investment managers, patent attorneys and surveyors.

Why choose our professional practice team?

Our team of professional practice lawyers understand the issues and challenges that firms face in establishing the most efficient, compliant and versatile structure for their businesses. We recognise the importance of balancing risk with flexibility and implementing this in sensible and workable agreements. All of our experts are of partner-level and have been providing specialist legal advice in this area for a number of years.

For further information or to discuss a professional practice matter, please telephone 020 3319 3700 or click here to email us.

To receive our monthly email newsletter, please click here.