Nabarro is to become the latest firm to convert to limited liability partnership (LLP) status following a vote of the partnership earlier this month.
Partners at the firm voted on the conversion on 10 January after months of debate and the firm expects to adopt its new status within the first half of this year.
Both full equity and fixed-share partners will become members of the LLP, although voting rights and internal management will remain the same under the new structure. The firm’s offices in London, Sheffield and Brussels will all join the LLP, while its alliances with GSK Stockmann & Kollegen in Germany and August & Debouzy in France will be unchanged.
Senior partner Simon Johnston (pictured) commented: “There is no urgency and never has been - it is just an administrative process we have to deal with. Now is the right time for us as the accounting issues have been resolved; there were also some management issues we wanted to work through and we are doing well financially.”
Johnston added: “It is a modern, transparent business arrangement that is more suited to the current practice of law.”
Nabarro’s decision leaves just a handful of the UK’s top firms still to convert, including Freshfields Bruckhaus Deringer, Slaughter and May and Simmons & Simmons.
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