Watson Farley to go limited liability
By Charlie Wright
February 13, 2005 at 07:03 PM
1 minute read
Watson Farley & Williams has become the latest firm to decide to convert to a limited liability partnership (LLP).
The move means Watson Farley, which specialises in maritime, energy and banking work, will become a UK-registered LLP on 1 May.
The 60-partner firm approved the measure unanimously at a partnership vote on 9 February, joining the ranks of City firms to have decided in favour of the change.
City firms including Allen & Overy and Eversheds have already decided to convert to limited liability, while Herbert Smith partners also recently voted in favour. The structure protects the personal assets of partners in the event of a firm-busting negligence claim.
Managing partner Michael Greville told Legal Week: "It's been on the agenda for over a year and a half now. We wouldn't have done it unless there was overwhelming support from the partners."
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View AllSkadden to Close in Shanghai and Make Cuts to China Corporate Practice
DWF Group's Canadian Firm Set to Add Fourth Office With 16-Lawyer Montreal Team
UK Law Firms Face £75M Money Laundering Investigations Alongside Russia Scrutiny
3 minute readTrending Stories
- 1The Law Firm Disrupted: Playing the Talent Game to Win
- 2A&O Shearman Adopts 3-Level Lockstep Pay Model Amid Shift to All-Equity Partnership
- 3Preparing Your Law Firm for 2025: Smart Ways to Embrace AI & Other Technologies
- 4BD Settles Thousands of Bard Hernia Mesh Lawsuits
- 5A RICO Surge Is Underway: Here's How the Allstate Push Might Play Out
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250