Collaborative working to restructure a highly successful niche law firm in the property sector
Our client was an LLP with three founder members and wanted to create a structure to bring in new members and allow some of the founder members to retire.
We modelled a number of capital and equity scenarios, including restructuring the firm’s property which was held in a number of SIPPs. Aarons drafted a complex new LLP Agreement to deal with this and separate good will and property agreements to ensure that they reflected changes in ownership of the firm.
Aarons property team also dealt with all the SIPP transfers and acted for the bank.