LLP partner exits: what you need to know

When a partner decides to leave an accountancy firm, there are a number of potential pitfalls to consider, explains Andreas White, partner in the employment team at Kingsley Napley LLP

Limited liability partnership (LLP) partner exits should always be handled with care: not only to minimise the risk of legal disputes and liability, but also to avoid damaging relationships with clients and the remaining partners and employees of the firm.

Professional services firms should endeavour to convey a unified front, particularly now that positive culture, reputation and morale are more valuable than ever. While partner departures may be sensitive and strained behind the scenes, avoiding a public dispute is usually a strategic priority. 

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