1 November 2021
McCann FitzGerald LLP: A New Legal Status
An important change to the legal status of McCann FitzGerald took place on Monday 1 November 2021 when authorisation by the Legal Services Regulatory Authority to operate as a limited liability partnership (“LLP”) took effect. The firm is now known, and operates, as “McCann FitzGerald LLP”.
This change does not have any impact on our relationship with clients, on our delivery of top-quality services or on the liability of the firm.
This change follows the introduction of the Legal Services Regulation Act 2015 (the “Act”) which introduced the option for law firms to adopt LLP status. Subject to certain exceptions set out in the Act, the partners of McCann FitzGerald LLP do not have any personal liability for any debt, liability or obligation that is incurred for the purpose of carrying on the business of the firm (whether these are liabilities of the firm, of the partner, of another partner in the firm or of any employee, agent or representative of the firm), however such liability may arise. However, the liability of the firm itself for any debt, liability or obligation is not affected.
Subject to the Act, the Partnership Act 1890 continues to apply to the firm to the extent that the 1890 Act is not inconsistent with Chapter 3 of Part 8 of the Act.