Zulon Begum, Partner, and non-contentious partnership law specialist, has authored a practice note for the Practical Law Company’s new Practice Compliance and Management resource hub.
The practice note is essential reading for senior managers of law firms that are regulated by the Solicitors Regulation Authority (SRA) in England and Wales and who may be considering demerging or divesting parts of their business.
Reproduced from Practical Law with the permission of the publishers. For further information visit www.practicallaw.com.
The practice note provides an overview of the legal and practical issues for law firms to consider when contemplating a demerger or divestiture, providing practical answers to the following questions:
- What are the common drivers of a partnership/LLP demerger and the substantial legal steps to consider when undertaking the process?
- How can a firm plan and prepare for a demerger to ensure better prospects of a successful outcome?
- If the demerging business is spinning out to a new entity, what legal, regulatory and practical steps must be implemented to effect the demerger?
- What are the common partnership and regulatory issues which could complicate a demerger and how might they be resolved?
If you would like to discuss demergers or divestiture in more detail or if you have any specific questions arising from this practice note, please contact Zulon Begum, who specialises in partnership law.
Reproduced from Practical Law with the permission of the publishers. For further information visit www.practicallaw.com.
