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Headline

BLG and HBJ create firewall for liabilities of Halliwells arrivals

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Anonymous 3.56 The rules are clear, I suggest you actually read them (8.2 of MCT 2009) Should a law firm of any size wish to use a newly formed LLP to purchase the assets of a distressed law firm in tandem with some of the former equity partners in that law firm, they can do so. Whether it is economically viable for a small law firm to do so and fund two lots of indemnity insurance until the new LLP is profit making is another matter but you can hardly blame the SRA for simple economics of scale. It appears you have a bit of a chip on your shoulder, get over it or go work for a big firm.

Posted date

27-Jul-2010

Posted time

0:16 am

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