Linklaters pre-empts partner vote with LLP conversion

Linklaters is set to convert to LLP status on 1 May, having already registered its LLP with Companies House.

Linklaters partners still have to ratify the decision in an imminent vote, even though the process is fully underway.

The magic circle firm has gone ahead despite waiting for confirmation from the French authorities on whether its UK LLP status would lead to double taxation.

Linklaters, second only to Clifford Chance in The Lawyer’s UK 100, has become the 46th law firm to convert.

The cascade of law firms taking on LLP status comes as they are seek to limit exposure to major negligence claims such as Equitable Life’s claim against Ernst & Young.

Withers was the first law firm to become an LLP in January 2002, while Allen & Overy became the first major international law firm to convert in May 2004.