YORKSHIRE lawyer Philip Hamer has unveiled plans to open a new limited legal company in the burgeoning northern law centre of Sheffield.
Hamer, managing partner of Hull-based practice Philip Hamer & Co, will head the company as managing director after its opening next month.
A separate entity to the Hull firm, the company, Philip Hamer Ltd, will operate with shareholders rather than partners.
Four lawyers, recruited from South Yorkshire firms, will form the business's legal team and Hamer says it is likely the office will grow as work develops.
The company will operate as a specialist private client litigation practice, focusing on plaintiff personal injury cases and matrimonial litigation.
Hamer, awaiting Law Society recognition of the company, says recent changes to practice rules made the move possible.
He says the company, which will function as an independent body, is one of only “a small handful” of limited companies which trade as solicitors.
“This is a fairly new idea and one which the bigger accountants are also looking at. We advise large numbers of our clients that incorporation is a sensible way of running their business affairs, and there's no reason why solicitors would be any different.
“The partnership structure doesn't really work, in our view, for large businesses.”