Skallawwag

Law firm gossip: who's coming, who's going, who's next out of Clifford Chance...

Friday, January 28, 2005

LLP Cool J

Limited liability partnerships are the taste sensation that's sweeping the nation of Great Britain. Magic Circle firm Allen & Overy and megaplex firm DLA Piper Rudnick Gray Cary are LLPs. Magic Circle firms Linklaters and Freshfields both want to be. And now wannabe players like Herbert "Herbies" Smith and Lovells are planning to protect their partners from "unlimited personal liability in the event of a firm-busting negligence claim." And what partner wouldn't want that?

Source:
Herbies partners back LLP move
By Charlie Wright
Legal Week