McCann FitzGerald LLP is authorised by the Legal Services Regulatory Authority as a limited liability partnership (LLP).
LLPs are a common business model for law firms internationally and in Ireland. The Legal Services Regulation Act 2015 (the Act) provides for the operation of LLPs in Ireland, amending the Partnership Act 1890 which continues to apply to McCann FitzGerald LLP to the extent that it is not inconsistent with the Act. As set out in section 123 of the Act, individual partners are not personally liable for debts, liabilities or obligations incurred carrying on the business of an LLP, subject to certain exceptions. However, rights of recourse or enforcement against the property of McCann FitzGerald LLP for any debt, liability or obligation are unaffected.
Please speak with your usual McCann FitzGerald LLP contact if you require further information on these changes.