Law firms

Eversheds in talks to extend voting rights as 164 junior partners inject cash

Fixed-share partners to make capital contributions of 25% of profit share

Eversheds started talks in April over the voting rights of its fixed-share partners (FSPs) after they were asked to contribute 25% of their annual earnings in response to HM Revenue & Customs (HMRC) tax changes for limited liability partnerships (LLPs).

This article is for Legal Business subscribers. Please log in or subscribe to read on.