A NEW multi-disciplinary association of advisers on partnership law and practice is to be launched in March to press for reform of partnership law.
The launch comes at a time when the Law Commission is at the early stages of a review of the law, which many experts consider out of date.
The Association of Partnership Practitioners has drawn its members from a wide range of lawyers, accountants and management consultants. All of those involved are united by a common interest in partnership practice.
Fox Williams' senior partner Ronnie Fox will be chairman of the association. The firm canvassed 70 leading practitioners in the field for their opinions about the proposed association. Fox described the initial response as overwhelming.
Working parties will look into major issues such as limited liability partnerships, multi-disciplinary partnerships and changes to partnership taxation. Seminars have already been lined up, dealing with best practice in a number of areas including making-up partners and profit-sharing arrangements.
Other leading partnership lawyers involved in the project include: barrister Roderick I'Anson Banks of 48 Bedford Row and solicitors such as Tony Sacker of Kingsley Napley and Richard Turnor of Allen & Overy.
Clare Murray, honorary secretary to the association, said that anyone interested in joining should contact her at Fox Williams.