We have vast experience of amending the structure of law firms, and LLP conversions in particular, which are becoming popular again as the tax advantages of limited companies are not as great as they once were. LLPs are also more suitable to larger law firms.
The conversion process includes:
A managed service to convert law firms to LLPs
Sole practitioners or partnerships of all sizes in all locations.
Attend two hour assessment meeting, two hour planning meeting. Provide regular updates to Partners. Action points from the planning meeting.
Conversion of your law firm to a Limited Liability Partnership (see the detailed process above).
£1,095 plus VAT and disbursements for the initial assessment meeting. £1,250 plus VAT and disbursements for the planning meeting and provision of the conversion checklist. The above are the fixed fee payable in advance cost options. Additional fees to be agreed in advance following the planning meeting. All services will be provided remotely via video conferencing, however, options are available for face to face if required.
Armstrong Watson has experience of converting and setting up a number of law firms as LLPs in the past few years.