How We Work
Best Tax Treatment
As equity partners, our lawyers are treated as self-employed individuals, which is the most advantageous income tax treatment in the UK.
Our partners are paid net of fees, costs and taxes directly into their personal bank accounts on a monthly basis.
We maintain a tax reserve on each partner’s behalf and our accountants can prepare and file each partner’s self-assessment tax return.
One of the core themes at Clearlake is to relieve our partners of as much administrative burden as possible, so they can focus on their clients and growing their practice.