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Pulse UK

Why Law Firms Still Back LLPs After BlueCrest Tax Ruling

By Marialuisa Taddia

Limited liability partnerships are still the structure of choice for law firms trying to keep pace with a London lateral market that shows little sign of slowing, even after a recent ruling by the U.K. Supreme Court raised fresh questions about tax and governance for those using the model.


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Top Stories
  • Businessperson analyzing financial annual statistics displayed on virtual screen.
    Charles Russell Speechlys' Revenue Jumps 10% To £266.5M

    By Ashish Sareen

    Charles Russell Speechlys LLP reported Thursday that revenue has risen to almost £267 million ($357 million), al...(read more)

  • series of digitised arrows pointing upwards and increasing in size from left to right
    Osborne Clarke Posts Record UK Revenue Of £271M

    By Ashish Sareen

    Osborne Clarke said Wednesday that revenue at its U.K. business rose to more than £270 million ($359 million) an...(read more)

  • Legora Buys Wexler, Marking 5th Acquisition Since March

    By Matt Perez

    Sweden-based Legora, which offers a legal artificial intelligence platform, announced its fifth acquisition of the year on Wednesday with the purchase of Wexler, a London-based startup providing litigation software.

  • Macfarlanes Posts Turnover Of £390M In 'Transitional' Year

    By Ashish Sareen

    Macfarlanes LLP said Wednesday that its turnover hit a record £389.5 million ($518.4 million), profits rose 3%, and profit per partner remained flat in what it described as "a transitional year" amid a challenging market backdrop.

  • Ex-Solicitor Loses Appeal In SFO Tipping-Off Case

    By Christopher Crosby

    A former solicitor was denied an opportunity on Tuesday to overturn his conviction for tipping off a client about an anti-money laundering investigation by the Serious Fraud Office as an appeals court ruled that there was no procedural unfairness in his trial.

  • Weightmans Hits £162M Revenue In 5th Year Of Growth

    By Ashish Sareen

    Weightmans LLP said Tuesday that its revenue exceeded £160 million ($213 million) and profit climbed by 17% as the firm grew for a fifth consecutive year, spurred by more high-value work in areas including public sector, regulatory and employment.

  • LSB Pushes Regulators To Coordinate Guidance After Mazur

    By Ashish Sareen

    The Legal Services Board called Monday for regulators to share draft guidance on reserved legal activities before publication after the High Court's Mazur ruling exposed inconsistent advice on who could lawfully conduct litigation.

  • Regional Firm Walker Foster Completes Management Buyout

    By Jamie Lennox

    The managing director and conveyancing chief at U.K. law firm Walker Foster have completed a management buyout following the retirement of two long-standing equity directors, the lawyers working on the deal said Monday.

  • Winston Taylor Sets NQ Pay At £125K After Merger

    By Ashish Sareen

    Winston Taylor has set the salaries of newly qualified lawyers in its London office at £125,000 ($166,000), following the firm's creation through a merger between Winston & Strawn and the U.K.-led business of Taylor Wessing.

  • Duane Morris London Chief Seeks Boutique Firm Merger Deals

    By Marialuisa Taddia

    The London chief of Duane Morris is hunting for smaller tie-ups with boutique law firms that would allow it to expand the office without jeopardizing its balance sheet.

  • The Revolving Door: Gibson Dunn, CMS Land Big Hires

    By Max Austin

    Over the past week, Gibson Dunn added a former Blackstone director to its real estate practice bench, Osborne Clarke lost its seasoned head of artificial intelligence to CMS, and Squire Patton Boggs snapped up two pensions pros from Eversheds Sutherland in Manchester. 

  • Tougher CPO Certification Test Could Price Out Viable Claims

    By Joanne Faulkner

    The government's plan to unlock funding for opt-out collective actions while imposing a tougher certification test represents a delicate trade-off that experts warn could leave some well-founded claims too expensive to bring.

  • SRA Bars Ex-Ascent Paralegal For False Time Entries

    By Ashish Sareen

    An ex-senior paralegal at Irwin Mitchell LLP's former debt recovery arm has been barred from working for another legal business after she falsely recorded the time spent on client files and initially misled her employer during an investigation.

  • HSF Kramer Says Merger Beats Targets As Revenue Hits $2.4B

    By Marialuisa Taddia

    Herbert Smith Freehills Kramer LLP reported revenue of more than $2.4 billion on Thursday as it posted its first set of financial results since the merged firm launched in 2025.

In the Spotlight

  • Charles Russell Speechlys' Revenue Jumps 10% To £266.5M
  • Developer Blocks £273K Payout After Solicitor's Slip-Up
  • Linklaters' Legal AI Leader Coming To NY For US M&A Work
  • Ex-Liverpool Player Must Pay Charles Russell's £47K Costs
  • Walkers Hires Ashurst Risk Chief As Compliance Officer
  • Pinsent Masons Taps Finance Pro As Senior Partner
  • Ex-Footballer Blocked From Reviving Charles Russell Claim
  • Latham Promotes 22 Counsel To Partner Worldwide
  • Ex-Chair Of Law Firm Group Fights £1.1M Guarantee Claim
 
 
 

From The Courtroom

  • KC Wins Stay Of Contempt Case Over Jury Speech
  • Rugby Bodies Seek To Ax Brain Injury Claims Over Disclosure
  • Ex-Solicitor Says SFO Errors Tainted Tipping Off Conviction
  • Charles Russell Says Ex-Footballer Client Is 'Harassing' Firm
  • 'Devious' Castle Fraud Solicitor Hid Assets, Prosecutor Says
  • Gray's Inn Bomb Hoax Plotter Fails To Reverse Conviction
  • Man Behind Lawyer Bomb Hoax Fights To Quash Conviction
  • Solicitor Bids To Overturn 2019 Disciplinary Tribunal Ruling
  • Google Fights Opt-Out Certification In £5B Search Ads Case
  • KC Thought He Was 'Clever Enough' To Lawfully Cut Tax Bill
 
 
 

Expert Analysis

  • Louise Freeman
    Practice Leader Insights From Covington's Louise Freeman
    Louise Freeman, Covington's co-chair of commercial litigation, discusses how she combines a longer-term outlook with a fast-paced ap... (read more)
  • Jerry Temko
    Key Points For Cos. To Note When Replacing Their GCs
    While it may seem beneficial for general counsel to hire their own successor, firms should instead regularly assess succession plans... (read more)
  • Georgia Learoyd
    SRA Whistleblower Protections Will Test Legal Sector Culture
    The Solicitors Regulation Authority's recent extension of whistleblower protections to law firm employees helps close the long-stand... (read more)
  • Jonathan Herbst
    Practice Leader Insights From Norton Rose's Jonathan Herbst
    Jonathan Herbst, Norton Rose's global head of financial services, discusses the importance of encouraging a team as a whole, how inc... (read more)
  • Andy Moody
    Practice Leader Insights From Baker McKenzie's Andy Moody
    Andy Moody, head of Baker McKenzie's London disputes team, discusses the traits that he prioritizes as a leader, the unique challeng... (read more)
  • Read More Expert Analysis

 
 
 

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