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law, finance and translation November 26, 2007

Posted by Bradley in : Uncategorized , trackback

In the US, whatever an LLP is, it is not incorporated. So it is always striking to note, for example in reading the UK Department for Business, Enterprise and regulatory Reform (BERR) Consultation Document on the application of the Companies Act 2006 to LLPs, that British LLPs are incorporated.

Comments

1. johnflood - November 27, 2007

While LLPs are gathering pace among law firms in the UK, they are slow with their disclosures. I have been trying to collect annual reports and accounts. If they can get away with disclosing summaries–and most journalists in the legal trade press are happy with that–that is what is presented. Proper disclosure must be key. If the Legal Services Act has its predicted impact, then disclosure will be increasingly important.

PS. I like the blog!