We are delighted to share with you the recording of our recent webinar, ‘Cash, Remuneration and Economic Uncertainty’, in which partnership and regulatory law specialists discuss navigating economic uncertainty and how this can be successfully achieved within professional firms.

Robert Millard of Cambridge Strategy Group, David Shufflebotham of Pep Up Consulting and Corinne Staves and Andrew Pavlovic, Partners at CM Murray LLP, explore the important and practical considerations professional practice firms ought to consider in these times of economic uncertainty. Their discussion addresses key questions and topics including:
•	What key commercial changes are affecting firm strategy and their decision making?
•	What sources of capital firms should be looking to in the new high interest rate landscape; are the traditional methods still viable? 
•	How can firms better structure their own governance to appear more attractive to private equity and bank funding?
•	Strategic options available to mid-market firms to maintain financial resilience; 
•	Key considerations of financial health from an SRA perspective; at what point do the SRA get involved with a firm in financial distress? How do the SRA view different forms of funding?
•	What does the financially resilient law firm of the future look like?

Cash Remuneration & Economic Uncertainty

In this panel discussion, subject specialists share their expert insights into the interesting and challenging features of LLPs that they have seen over the last 25 years and what they see approaching on the horizon for LLPs. 

Jeremy Callman (Ten Old Square), Dr Robert Millard (Cambridge Strategy Group) and Corinne Staves (CM Murray LLP) join chair Sarah Chilton (CM Murray LLP) to explore the key benefits of using LLPs in professional services, the trends they have seen – including in LLP disputes – key tax changes and issues, strategic considerations as well as what the coming years may hold for LLPs. Their discussion addresses key questions and topics including:

- How has the structure of LLPs developed since birth; what are some of the key elements of different LLP structures and their implications?

- Financial services LLPs vs professional services LLPs: the difference in attitudes on mutual trust between partners and duties of good faith at law and in LLP agreements;

- The use of English LLPs across the world, their evolution in different jurisdictions and how the increase in larger LLPs has affected strategic decisions;

- Risk considerations: tax, regulation, liability and litigation;

- Which partner remuneration trends have LLPs imported from other sectors and have they led to more or fewer disputes?

- What are the differences, if any, in downward incentivisation between LLPs and more corporate structures?

- What does the next 25 years hold for the future of LLPs?

If you would like to discuss any aspect of LLPs or if you have any questions arising from this recording, please contact Partners  Corinne Staves or Sarah Chilton, both of whom specialise in partnership law.

The LLP: 25 Years On - Professional Practices Alliance Webinar

Welcome to the CM Murray LLP podcast channel where we discuss a wide range of topical issues in relation to partnership and employment law.

CM Murray LLP is a leading partnership, employment and regulatory law firm based in London. 

We advise US and UK law firms and partners, hedge fund and investment management partners, US and other multi-national employers, senior executives and founders on a range of UK partnership and employment law issues.

New tracks tagged #professional practices