Sector

Professional Services. Partnerships, people and partner reward.

Law firms, consultancies, agencies, recruiters and other partnerships — where utilisation, lock-up and partner economics drive the business.

  • 80+

    LLPs and partnerships under our care

  • 1,200+

    Partners' personal tax returns annually

  • 30+

    Years acting for partnerships

  • ICAEW

    Audit-registered

What you get

  • LLP statutory audit and accounting
  • Partner taxation and profit allocation
  • Salaried member rules — conditions A, B, C
  • Lock-up, WIP and utilisation analysis
  • Profit-sharing review and admission planning
  • Capital accounts and members' loans
  • International partner tax coordination
  • SRA Accounts Rules and CASS-equivalent compliance

Who we work with

Law firms (full-service and boutique), management consultancies, creative and marketing agencies, search and recruitment firms, surveying and architectural practices. Partnerships of all sizes — from new spin-outs through to long-established firms preparing to convert or sell.

The numbers behind the people

Utilisation, realisation, lock-up, WIP and three-line operating profit per partner — the small set of measures that tell a partnership how the business is actually performing month to month. We help finance teams cut through the noise and report what matters.

  • Lock-up days analysis (WIP + debtors)
  • Per-partner contribution and recovery
  • Fee earner utilisation and effective rate
  • Capacity and headcount modelling

Partner economics

Profit-sharing arrangements, equity admission, capital contributions and exit — structured around how the firm wants to evolve, not the spreadsheet that grew up around it. Most partnerships outgrow their original deed; we help redraft them deliberately rather than by accident.

Salaried-member rules

Conditions A, B and C in practice — what they mean for newly promoted members, how to evidence the position, and how to restructure capital and decision-making so the result reflects intent rather than accident.

Regulated practice

Law firms operating under the SRA Accounts Rules, surveyors under RICS client-money rules and others under equivalent professional regimes — we deliver the assurance reports and the practical client-money advice the regulators expect.

FAQs

Common questions.

  • Can you help with international partner tax?

    Yes — for partners moving between UK and overseas firms, we coordinate with local advisers to keep the personal tax position clean on both sides and avoid double taxation.

  • Do you advise on LLP-to-company conversion?

    Yes — we model the trade-offs, run the clearances and project-manage the transition. It's not the right answer for every firm; we'll tell you honestly which side of the line you're on.

  • Can you handle SRA Accounts Rules reporting?

    Yes — including the annual Accountant's Report and supporting the COFA on day-to-day breach reporting.

Talk to a sector specialist

Tell us about your business. We'll introduce the right partner within a working day.

Make an enquiry