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Partnerships and LLPs for Financial Services

The limited liability partnership is a popular vehicle for financial services businesses in the UK. Our market leading partnership and LLP practice is built on our experience and negotiating skills and our level of understanding about both the management and regulation of firms. Our skills built up over many years advising professional practices have been easily transferable in advising financial services firms.

Firms are increasingly willing to consider taking business units from competitors and team moves and partners joining and leaving firms are a significant part of our practice in this area. This requires us to have a full understanding of the different reward structures which firms adopt and we regularly advise on carried interest and co-investment structures.

Our clients range from multinational organisations which utilise LLPs in their corporate structures to two partner LLPs providing corporate finance advice. We advise individual partners and firms in a range of regulated business activities, including investment management; wealth management, hedge funds, brokers and corporate finance.


  • Advising a hedge fund (with assets under management of >$5bn) on its remuneration structure for its UK operation
  • Establishing an institutionally backed wealth management business with an innovative ownership structure
  • Advising a group of partners in a multinational private equity business in relation to the sale of a stake to investors
  • Establishment of a wealth management business and advising on subsequent business acquisitions and restructuring
  • Advising on the implications of the FCA Remuneration Code for LLP structures
  • Advising on carried interest and co-investment structures
  • Advising both firms and individual partners on departures (voluntary and compulsory) and on team moves, particularly in hedge funds, private equity investment management and wealth management.
  • Advising on implementing an LLP structure as part of a cross border acquisition for a UK regulated business

Recent news, articles and deals:

Daniel Sutherland writes in Accountancy Age on how the PSC register will affect LLPs. more
Fox Williams strengthens key practice areas with appointments from Pinsent Masons and Allen & Overy more
Forthcoming Changes to Tax Treatment of LLPs and Membersmore
Has partners\' tax status been turned upside down in the Budget?more
SRA Seeking to Extend Regulation to International Law Firmsmore
5 Lessons Learned on Alternative Business Structuresmore
Have you been caught out by film partnerships?more
A Legal World of Opportunity more
FW strengthens financial / professional services & regulatory practices with double partner hiremore

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tel: +44 (0) 20 7628 2000
10 Finsbury Square, London, EC2A 1AF
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Who should I contact?


Tina Williams
Strategic Consultant
Direct dial: +44 (0)20 7614 2502


  • Top Ranked Chambers UK 2014 - Leading Firm
  • Ranked in Chambers Europe 2013 - Leading Individual
  • Ranked in Chambers Global 2014 - Leading Firm
  • Legal 500 - Leading Firm
  • The Lawyer UK 200 - Listed Firm
  • The Law Society Excellence Awards 2012 - Shortlisted
  • Investors in People - Bronze