Making Partner in a Law Firm - The Business, Tax & Legal Realities

Introduction

Making partner is a significant career and financial step for many lawyers.

This practical webinar provides an overview of the key considerations when moving into partnership, including understanding your business structure, different partner roles, tax implications, funding arrangements and the legal responsibilities that come with partnership status.

It is designed for lawyers considering partnership, newly appointed partners, senior associates and those advising professionals on partnership arrangements.

What You Will Learn

This webinar will cover the following:

• The key differences between a partnership, LLP and limited company structure
• Practical and tax implications of different partner remuneration models
• How partners, LLP members and directors are taxed
• Available tax reliefs and planning opportunities
• Pension options and considerations for partners
• Capital contribution arrangements and funding requirements
• Key legal responsibilities and risks associated with becoming a partner