Tag Results

Budget crackdown on misuse of partnership structure to avoid tax

HMRC is set to scrutinise the status of law firm partners after measures announced in the Budget. The Treasury is to consult on removing the presumption of self-employment for LLP partners and on countering the “artificial allocation of profits to partners”.

March 21st, 2013 | No Comments »

Fixed-share partners are partners and not employees, Court of Appeal confirms

A former fixed-share partner at south-coast law firm Lester Aldridge has lost his appeal against a ruling that he was a partner and not an employee in the limited liability partnership and so unable to claim unfair dismissal.

February 2nd, 2012 | Comments Off on Fixed-share partners are partners and not employees, Court of Appeal confirms

The salaried partner is dead. Long live the fixed-share partner

In the wake of the recent ruling that a fixed-share partner is a partner, not an employee, Mark Briegal of Legal Futures Associate Ralli looks at the advantages to both law firm and lawyer of a fixed share over a salary

December 21st, 2010 | No Comments »