As the introduction of the Legal Services Bill looms on the horizon, partnership structures have begun to consume an ever-increasing amount of lawyers’ and managers’ time.
How many law firms will seek external investment from private equity houses, or through public listings on either AIM or the full market? And how much extra cash could City partners get on a partial float?
Retirement ages and age discrimination are also being hotly debated, with warnings of potential lawsuits by partners following the introduction of the UK Employment Equality (Age) Regulations 2006 from 1 October 2006.
This Lawyer’s Partnership Special Report examines these issues and how they will impact on the legal market and partnership structures over the coming years. What could be closer to the hearts of the City’s lawyers?