The Lawyer Asia Pacific 150 is the only research report to provide a ranking of the top 100 independent local firms and top 50 global firms in the region. The report offers critical review of some of the fastest growing firms and their strategies, a country-by-country guide to leading legal advisers and legal services market trends, plus exclusive insight into the current business development opportunities in the Asia Pacific. Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
A Department of Trade and Industry spokesman says LLPs will be available to two or more persons carrying on any trade or profession and will have the organisational flexibility of a partnership, with the internal agreement between members remaining confidential.
"This is likely to be of particular interest to professional firms such as lawyers, accountants and architects," he says.
The new legislation would provide details of how an LLP could be formed and how it would need to be registered. It would also set out the relationship between members and the LLP.
Law Society Vice President, Kamlesh Bahl says: 'We wholeheartedly welcome this measure. Limited liability partnerships can only be a good thing for solicitors and their clients. They will ensure greater flexibility in the way law firms finance themselves and allow them to compete more effectively in the international legal services market.