We are delighted to invite you to the live Q&A Zoominar session How Should Firms Approach Decision-Making Relating to Partners and LLP Members, Including in Relation to Remuneration, Status and Exit, During a Crisis?
In this session, a panel of leading partnership law advisers will explain the legal duties on firms and the procedural requirements for making partnership and LLP decisions during the current crisis. The panel will also share their tips on the practical steps that firms need to take to avoid a legal challenge on the validity of a partner or management board decision.
Full details are below – register to attend here.
The panel will provide answers to the following questions:
1. What does your firm need to do when exercising a discretionary power (such as a power to reduce partner drawings or force a partner exit or de-equitisation)?
2. What impact does the current crisis have on partners’ duties when making decisions?
3. Can your firm hold a partnership meeting remotely and make valid decisions remotely?
4. How can your firm amend the partnership agreement?
5.What are the consequences of not following the proper decision-making process?
If you are a Senior Partner, Managing Partner or Chair, General Counsel, an HR Professional, a Partner or LLP Member in a Professional or Financial Services Firm, or a Professional Adviser to Partnerships or LLPs, please register below to attend and take part in this live seminar via Zoom.
Date: Thursday 28 May, 2020
Time: 9:30am – 10:30am BST
Speakers: Sarah Chilton (CM Murray LLP) and John Machell QC (Serle Court)
Chair: Zulon Begum (CM Murray LLP)
About the speakers
Sarah Chilton is a partner at CM Murray LLP specialising in Partnership and Employment Law and leads the contentious partnership practice at the firm. Sarah advises professional services firms, including many law firms, on a wide range of partnership and employment issues. She has particular expertise in relation to partner conduct issues, investigations, discrimination and whistleblowing, contentious exits and partnership dissolutions, as well as partner restrictive covenant and team move issues, and associated disputes. She has significant experience of the financial services sector, in particular partner issues in hedge funds and private equity funds, and advises on remuneration structures and issues arising in relation to deferred remuneration, carried interest and good leaver/bad leaver provisions. As an employment and partnership lawyer, she has particular expertise where there is a crossover of these disciplines, which arises in relation to whistleblowing, discrimination and harassment issues as they relate to partners and LLP members.
Zulon Begum is a partner at CM Murray LLP specialising in Partnership Law and leads the non-contentious partnership practice at the firm. Zulon has extensive experience of advising professional and financial services firms and senior equity partners on a range of partnership and corporate matters. She has particular expertise in transactional work and regularly advises senior management in partnership businesses on a broad range of sensitive and strategically important issues. Zulon acts for clients in diverse sectors, including law firms, accountants, architects, real estate consultants, patent attorneys, insurance/reinsurance brokers/underwriters, private equity houses and hedge funds. She has played a key role in a number of high-profile professional services firm mergers, both national and international.
John Machell QC is a barrister of Serle Court and was appointed QC in 2012. His practice spans the Chancery and commercial fields, with an emphasis on partnership, LLP, trusts and fraud work, particularly with an international dimension. John is regarded as one of the leading partnership and LLP silks and has experience of a wide range of both contentious and non-contentious matters across the whole range of business sectors. An increasing part of his work involves issues arising from the use of partnerships and LLPs in hedge fund and private equity structures; in international commercial group structures; and as part of wealth planning strategies.
