Chester 01244 405 555

Grosvenor Court
Foregate Street Chester
Cheshire CH1 1HG
DX: 19990 Chester


Shrewsbury 01743 443043

Lakeside House
Oxon Business Park
Shrewsbury SY3 5HJ
DX: 148563 Shrewsbury 14

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Airport City, Manchester 0161 537 3324

Offices 204 and 205
Manchester Business Park
3000 Aviator Way
Manchester M22 5TG

Leaving a Practice

When a partner leaves a partnership or LLP, it’s vital to consider all aspects of their departure to avoid any undesirable and potentially costly consequences.

Whether the reason for leaving is voluntary or compulsory, we can help you establish a watertight agreement that addresses all eventualities and advise you on your specific concerns.

We have experience of helping both firms and departing partners, and aim to get a practical solution that works for both sides.

Draft a Partnership Agreement

A legally robust partnership or LLP agreement specifies the course of action to be taken when a partner leaves the partnership or LLP. It will cover issues such as notice periods, the repayment of capital and should contain enforceable restrictive covenants.

The partnership or LLP agreement will also specify under what circumstances a partner may be required to retire (such as for professional misconduct, criminal behaviour or gross misconduct) and the thorny issue of expulsions arising from the wish of the majority of other partners, a so-called “red socks” clause.

Prepare for any Partner Departure

Matters are made far more complex when a partnership agreement does not exist. Here, we can use our expertise in partnership and LLP law to negotiate a fair and rewarding settlement on your behalf.

If you’re involved in a partnership and require expert legal advice to draft a partnership agreement or negotiate an exit strategy, our skilled legal team has years of experience acting for partners being removed from a partnership, partners wishing to leave a partnership and partners wishing to end a partnership.

Nick Clarke e
Nick Clarke

Senior Partner & Head of Dispute Resolution & Insolvency
Email: [email protected]
Tel: 01244 405558

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Simon Edwards

Email: [email protected]
Tel: 01244 405522

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