Rollits converts to Limited Liability Partnership
Hull law firm Rollits, one of Yorkshire’s leading law firms, has unveiled a major restructuring which sees it convert to a Limited Liability Partnership (LLP).
Managing Partner Richard Field said: “May 2010 heralds a new chapter in Rollits history when we will change from a traditional law partnership to a Limited Liability Partnership. We believe this move will provide us with the right corporate structure for its future development and make us more nimble in embracing new commercial opportunities that arise for the firm as well as adapting to the changes in the legal landscape arising out of the Clementi Review and the Legal Services Act 2007.
”Our intention is that the change will be seamless and that our clients will notice little change. We will continue to deliver the high quality legal advice and service that our clients have come to expect and appreciate.”
Rollits has 22 partners at the firm and delivers a range of legal services which include Banking and Finance, Contracts and Commercial, Dispute Resolution, Property, Corporate, Corporate Finance, Corporate Recovery and Insolvency, Employment and Pensions, Family and Matrimonial, Mediation, IT and Information, Planning Construction and Development, Private Capital and Regulatory.
The firm also boasts many sector specialisms which include Agriculture and Horticulture, Banking and Finance, Charities and Social Enterprise, Construction Engineering, Education, Family and Owner Managed Businesses, Food Manufacturing, House Builder and Development, Local Government, Manufacturing (Non-Food), Retail, Social Housing and Transport and Logistics.
The firm’s partners were recently praised in the latest edition of UK Legal Experts as some of “the leading lights in the UK legal profession”.
The Limited Liability Partnership Act was introduced in 2000 and allowed professional and service partnerships to become LLPs and remove the unlimited liability of individual partners. Many of the major City legal and accountancy partnerships have converted to LLP status over the last few years.
