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PRESS RELEASE, 01/04/10
The Partners are delighted to announce that, with effect from 1st April 2010, Pearson Hinchliffe has become a limited liability partnership (LLP), and will be known as Pearson Hinchliffe LLP.
An LLP is a relatively new form of business structure, similar in many ways to a Limited Company, where the partners’ liability is limited to the extent of their stake in the firm.
A new era of growth
LLP is increasingly becoming the preferred legal structure for professional services firms. Partner Michael Pitt said: “One of the main reasons for the change is that trading with limited liability enables us to appoint non-legal professionals as members, which in turn allows a more flexible platform for future growth. Having reviewed carefully the adoption of LLP we believe it is the best business structure for the firm, our staff and clients.”
At one level, the move to LLP status will in no way affect the ‘day to day’ delivery or quality of service provided to clients, with cosmetic changes to the company’s logo and business stationery. But at its heart the change is just one step in a continued modernisation programme to meet the challenges posed by the impending deregulation of the legal services market.
Michael Pitt added: “We have identified several areas where we believe the business can enhance our value to clients, including actively promoting our highly experienced FSA-registered team. The shift to LLP is part of an ongoing programme to further expose financial services – a key growth area - in our core personal and corporate client markets.”
The new emphasis will also be reflected in a redesigned company logo which will incorporate “solicitors & financial services” in the title.
IFA Richard Eastwood joins the LLP
Partner, John Pollitt said: “As part of the change to establish a full service and capability commercial practice it gives me great pleasure to announce that IFA Richard Eastwood will be joining us as an equity partner in the business. Richard has worked with the firm as head of our financial services department since 2001 and most clients will already know him as a key member of the Pearson Hinchliffe team.”
Newly instated Member, Richard Eastwood said: “The new company structure is a bold yet essential move if we are to adapt to clients’ changing needs. Many people are concerned about their corporate and personal finances, whether related to pensions, tax liability, saving adequately for retirement or insurance. They require increasingly comprehensive services. We are a client-led firm and with us they can access independent financial advice at the same point as getting a Will prepared or accessing any one of our 10 legal departments.”
ENDS.
CONTACT: If you have any questions about this change, please speak to Media Team on: 0161 785 3500, or: media@pearson-hinchliffe.co.uk.
EDITORS: Pearson Hinchliffe LLP is a full-service law firm providing an extensive range of legal service to private and business clients in Oldham and North Manchester.
As one of the leading law firms in the north of England, Pearson Hinchliffe LLP’s mission is to be ‘the complete law firm’ providing the highest quality cost effective, commercial and private legal services to its clients. Each client is catered for as an individual with their business and personal requirements taken into account which allows for a very personalised service.
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