The UK government’s proposed National Insurance reform is more than a tax tweak -it’s a reckoning for law firm partnerships. Stripping away the 7% income tax advantage for equity partners, the reform forces firms and partners to confront whether a structure that’s endured since the 19th century can invest, innovate, or compete in the 21st.
This could prove the catalyst for an industry-wide push to incorporation and throw open the doors for private capital’s advance into the legal sector.
Your limit of 1 article in 30 days is up. Please login for full access or subscribe.
Corporate users - click here for simple access (no password needed).
For more information, please contact [email protected]
