Midlands law firm Wright Hassall has completed a transaction for a major national company of quantity surveyors – and answered the question ‘what’s in a name?’
Wright Hassall has helped move James Nisbet & Partners, which has seven offices across the UK , from a partnership to a limited liability partnership (LLP).
The move gives the business, now known as Nisbet LLP, a distinct legal identity making it easier to deal with third parties and is growing in popularity across all business sectors.
Mark Lewis, a partner at Leamington-based Wright Hassall, said the transfer to an LLP brought several advantages.
He said: “LLP status is particularly attractive for professional partnerships as it gives a corporate identity which enables the LLP to contract with third parties. It also preserves certain features of the partnership – notably that members of the LLP are taxed individually.
“The work with Nisbet LLP involved our commercial property team, which helped in the transfer of the partnership’s premises and our corporate department.”
Nisbet LLP was established in 1969. It is based in London and has offices in Leamington Spa, Poole, Plymouth, Bath, and Exeter.
Senior partner Jonathan King said: “We wanted to use a company with London expertise but without London prices and Wright Hassall fitted the bill perfectly.
“We did know them through our Leamington office but I also chose them because of their wonderful name. They might be called Wright Hassall – but that’s exactly what they weren’t.”
