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Partnerships and LLPs

We have a top ranked partnership team, with leading practitioners at all levels of experience. Our expert barristers are involved in many of the leading partnership and LLP cases, as well as providing partnership advice to both firms and individuals.

Ten Old Square is ranked Band 1 in Partnership in Chambers UK Bar 2020: “A market-leading set of highly regarded partnership practitioners who have a strong focus on contentious partnership work, but also handle non-contentious matters. Members are involved in partnership disputes and dissolutions for a wide range of clients, including those from the financial services, accounting and legal industry sectors. Farming and medical partnership disputes are also undertaken. All manner of issues are handled including partner exits, team moves, duties within partnership, restrictive covenants and discrimination claims, to name but a few.”

Ten Old Square is ranked as a tier 1 Leading Set in Partnership in Legal 500 2020: “Ten Old Square’s members are veritable partnership and LLP law experts, instructed by both partnerships and individuals across a wide variety of sectors in disputes and advisory matters relating to sensitive internal issues. In a particular highlight, Gideon Roseman successfully acted for the claimant and first Part 20 defendant in Shah v Shah, the third trial in a partnership dispute between brothers who operated businesses in England and India, and involving the interaction of various debts with a non-partner and the ability of the debtor partner to seek a contribution from other partners. Also of note, Jeremy Callman regularly acts for managing partners of major law firms and accountancy firms in highly-sensitive internal issues, and has substantial experience in non-contentious matters including drafting and updating LLP agreements.”

 

Contact our Partnerships and LLPs Clerks

Contact our experienced Clerks to find out which Partnership and LLPs barristers would be ideal for you. They have many years of experience and will ensure that you receive a premium service and advise on the suitability, availability and cost of instructing specialist Counsel.

Call +44 (0)20 7405 0758
Email clerks@tenoldsquare.com

"Very user-friendly, incredibly approachable and very sensible"

Chambers UK 2020

"Top of the game for partnership and LLP work"

Legal 500 2020

"Just excellent for partnership work and is involved in most of the leading cases."

Legal 500 2018

"Astonishingly bright and possessed of knowledge which is second to none in this area."

Chambers UK 2018

"Very careful in a positive sense: you know you'll get the highest level of analysis - which is what wins cases."

Chambers UK 2018

"This set has a fine pedigree in partnership matters, and contains a number practitioners skilled in the field. Contentious matters are a forte for the set, with counsel often being instructed on the highest-profile cases around."

Chambers UK 2017

“Excellent set for partnership and Chancery work, very userfriendly, can-do approach. Members combine expertise with an empathetic approach."

Legal 500 2016

"One of the standout sets for partnership law."

Chambers UK 2016

“It is hard to imagine how chambers could improve its service; individuals go the extra mile and are very easy to deal with."

Legal 500 2016

“This dynamic Chancery set has a fine reputation for partnership work, and is led by partnership colossus Jeremy Callman."

Chambers UK 2015

“It is particularly well-regarded for its work in contentious partnership disputes, and its barristers receive praise across the board for their exceptional strength in advocacy, drafting and client service."

Chambers UK 2015

Our Partnership and LLPs Experience

The partnership team provides experienced barristers ranked in both legal journals and variously described as “highest service level I have ever experienced… thoroughness, intellectual rigour and sheer determination”, “like gold dust”, “clever and approachable”, ”authoritative, thorough and reliable”, “absolutely fantastic” and “extremely bright, with a deep and detailed knowledge of all things partnership and LLP”.

Our barristers deal with partnerships, LLPs and LPs of all types: from professional services, hedge funds and private equity to agricultural, medical and family property partnerships. Members regularly appear in court, arbitration and mediation as well as advising management on internal issues and dealing with non-contentious advisory work.

Recent notable cases include:

  • Boyle v Burke [2020] Bus LR 220: key case on partnership dissolution; whether a transfer of business had resulted in dissolution and the impact on partnership annuities.
  • Schillings International LLP v Scott [2019] EWHC 1335 (Ch), [2018] EWHC 1210 (Ch):Injunction on behalf of the firm against departing member in advance of arbitration
  • Shah v Shah [2019] EWHC 872 (Ch): long running partnership dispute between brothers who carried on numerous business interests in India and England, including running oil tankers, property development and share portfolios.
  • Muniment Ltd v Priestley Homes Ltd and ors [2019] 11 WLUK 34: joint venture dispute re incorporation of a new company and conspired with his associate, purported exercise of chargee’s power of sale to ‘sell’ the property to the second defendant’s new company.
  • Brierley v Otuo [2019] EWHC 2145 (Ch) long running partnership dispute; summary judgment obtained against the defendants who were seeking to assist the first defendant (the claimant’s former partner) to make himself judgment proof.
  • Galloway v Independent Films Ltd [14.11.18, unreported]:film based joint venture dispute, trial as regards alleged repudiation of the agreement.
  • Dr B v Dr B [23.10.18, unreported]:GP partnership dispute as regards exclusion from the partnership and partnership accounting, settled following day one of the trial.
  • Horlick v Taylor and Rockpool Investments [2018] EWHC 4034 (Ch) acting for the defendants in resisting an application restraining an LLP from holding a meeting for the purpose of passing resolutions to dilute voting rights.

Partnership and LLPs Frequently Asked Questions

Do you appear for firms and individuals?

Yes. The partnership barristers at Ten Old Square regularly advise firms (often liaising with managing partners, General Counsel and management teams on exits, team moves, post termination breaches and internal issues of all types) but we also act for many individuals who face partnership issues with their firms.

Do you advise on partnership/LLP agreements?

Our expert team of partnership barristers often assist in reviewing and updating agreements to bring them into line with current best practice and law. We draft entire agreements, as well as giving existing agreements a ‘refresh’ and advising on specific clauses. We also advise on ‘conversions’ from partnership to LLP status both in England and offshore.

Can you assist with injunctions and other urgent hearings?

Yes. Our experienced partnership barristers often appear on urgent injunctions and other court and arbitration hearings that require speedy action.

Do you appear in arbitrations?

Absolutely. We regularly represent clients in arbitrations and our team includes a Fellow of the Chartered Institute of Arbitrators.

Do you attend mediations?

Yes. Our partnership barristers often represent clients in confidential partnership/LLP mediations which can provide, if handled correctly, a highly productive and cost-effective method of resolving disputes.

Can we instruct a barrister directly on a partnership dispute?

We can accept your instructions if you are a solicitor and hold a current practising certificate under our usual terms of business. We may also accept instructions from other professional clients under the “licensed access” rules. If you are not a solicitor or professional client, then we cannot accept your direct instructions, but our experienced Clerks can recommend appropriate solicitors who can assist you and through whom you can instruct us.

At what stage do your partnership barristers get involved in a dispute?

Our expert partnership barristers can help at all stages of an LLP or Partnership dispute.   We have a huge amount of experience in dealing with disputes within LLPs and partnerships and can therefore add significant value in giving early guidance long before litigation or arbitration proceedings begin.  Most disputes are best dealt with early and we are able to provide useful input before matters escalate and also help you draw up a strategic plan to protect your interests and avoid pitfalls. Our experienced team of Clerks can discuss with you how (and if) we might help.

Examples of areas which our Partnership and LLPs barristers regularly deal with include:

  • Partner and member exits: expulsion and compulsory retirement
  • Team moves and lateral hires
  • Partnership property and assets (including goodwill)
  • LLP and partnership agreements: drafting and construing key clauses
  • Status of partners/members (employee versus partner/member)
  • Duties within partnerships and LLPs
  • Unfair prejudice in LLPs
  • Restrictive covenants and garden leave in partnership disputes
  • Dissolution and termination of partnerships and taking accounts
  • Partnership and LLP insolvency
  • Discrimination issues in partnerships
  • Partnership regulatory issues (including advice about investigations by the SRA and Legal Ombudsman, and representation before the SDT)
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