As the introduction of the Legal Services Bill looms closer on the horizon, partnership structures are starting to consume an ever-increasing amount of lawyers’ and managers’ time.

How many firms will seek external investment from private equity houses, or through public listings on either AIM or the full market? And how will the predicted credit crunch impact on firms’ options?This Partnerships Special Report examines how the challenging market conditions ahead may cause firms to rethink external investment. It will also examine the growing threat of firms falling prey to harassment and bullying claims as they shake up their partnerships to make them more attractive to external investors.

Another threat looming over law firms’ partnerships, which is reviewed in this report, is the trend towards HM Revenue & Customs knuckling down on the taxation of partnerships.