Uk Employment Law Information And Advice

The endurance of the partnership model as the structure of choice for professional practices is frequently credited to the idea that partnerships engender and promote a collegiate and collaborative culture, with all partners acting as owners who are responsible for driving the success of the firm. On the flip side, partnerships are often criticised for being slow to implement change (changes forced by a global pandemic notwithstanding!) as significant decisions regarding a firm’s strategy, structure, partner remuneration model, governance and constitution frequently require the support of a critical mass of partners; not only to satisfy constitutional approval requirements, but also because unless there is broad partner support for any proposed changes, attempts to push through such decisions (even if it is ultimately unsuccessful) can cause partner disaffection and have a destabilising effect on the firm. As a result, ‘difficult’ (but often necessary) proposals are sometimes diluted or kicked down the road b