We are a law firm, first and foremost; a traditional partnership. In many ways, we combine the best aspects of independent consultancy with the best aspects of a traditional law firm.
One of the biggest advantages of our model is that we are extremely lean, meaning that our lawyers can keep up to 85% of their fees (much higher than the large consultancy platforms) and, because our partners are self-employed members of our LLP, they have much cleaner tax treatment than they would with a personal services company.
Our partners have no need to administer a personal services company and they bear no IR35 risk. In many ways we think of our partnership model as the next stage in the evolution of independent practice.
Another big difference with the consultancy platforms is that, as full equity partners in our business, our lawyers are part and parcel of our organisation and may contribute to our strategic decision making, helping us to continue to shape and improve the next generation of law firm.
We are also carefully and deliberately building a City practice with an elite brand – a partnership of people with exceptional backgrounds who want to play a role in building a new model of City law firm.
Most importantly, we offer our lawyers what we call “fully supported independence”; an initiative to take as much of the risk as possible out of independent practice. We guarantee regular opportunities to pitch to clients, we can provide access to supporting lawyers and paralegals of all levels and areas of expertise, we provide access to cutting edge legal technologies and know-how resources and we can finance invoices, if our partners want us to.
We also encourage our lawyers to build their own teams and to develop a technology offering for their clients, effectively building their own scalable business from within our firm.
