Professional Practice Alliance

Joined up thinking.

Great Investigations webinar this morning (14 September) on the Rationale and Architecture of Investigations, featuring Dame Laura Cox, Beth Hale, Elizabeth Prochaska and David Smellie. These were some of my favourite bits: A good investigation restores trust and rebuilds relationships. But botched investigations can have catastrophic results – beyond the harmful impact on individuals – including reputational damage. Must be robust and full, but avoid irrelevancies. Needs independent, impartial investigator. Report should be clear and…
A fifth of lawyers in the UK claimed to have suffered sexual harassment or bullying at work, according to research by The Times published last August. The SRA also disclosed that complaints to the regulator of sexual harassment in the workplace have risen steeply in recent years, with 117 active cases related to sexual misconduct being dealt with as at June 2020. What can law firms do to prevent such behaviour? Recently my colleagues Emma Bartlett and …
HMRC have released a consultation proposing that all self-employed businesses will be taxed on profits earned in a tax year, rather than on the profits of the accounting year ending in that tax year. Under the current system, if a partnership’s year end does not tie in with the UK tax year end, when an individual joins that partnership, some profits may be taxed twice. HMRC’s proposal is to remove the existing basis period rules…
Partners of professional practices spend their entire careers focused on protecting the interests of their clients.  This can sometimes be at the expense of their own planning. We are pleased to share with you the recording from our recent Professional Practices Alliance (PPA) expert discussion, ‘Personal Risk Management for Partners’. In this podcast recording, you can hear Chair, Corinne Staves (Partner and Head of Professional Practices, Maurice Turnor Gardner LLP) and panel speakers, Rachel O’Donoghue
The success and stability of any professional services firm will often depend on its ability to retain its best people. There are of course many “push” and “pull” factors (some of which will be outside the firm’s control) that will determine whether some partners remain committed to a firm. Long-term home working during the pandemic for example has had the effect for some firms of loosening the ties between colleagues and causing partners to reassess…
The LLP Agreement of any professional firm is a living document, as it is a constant reference point throughout the business cycle of the firm. As well as containing day-to-day management and decision-making provisions, an LLP Agreement needs to adequately address all of the crucial junctures commonly faced by professional services firms, for example partner admissions, retirements, disputes and capital events. In the first of our series of pithy articles on the fundamental building blocks…
Interesting results from today’s Professional Practices Alliance polls: Only half of attendees have a will in place, despite the intestacy rules being a (too) blunt instrument for most partners’ affairs. Unmarried couples and those with second (or more) families are particularly exposed. A tiny fraction have LPAs. But attendees support the principle that firms and partners should engage and cooperate on planning for risks like partner illness, incapacity or death. Thanks Stuart Smith for preparing…