Khiara Law advised one of the largest global law firms on its equity and profit restructuring.

Following the changes to the taxation of LLP members, Khiara Law advised on the constitutional, financial and partner issues on a complete restructuring of the firm’s equity allocation and profit distribution mechanism, moving from a traditional lockstep to merit-based structure. Khiara Law advised on financial proposals, resolutions of the partnership, re-drafting the constitutional documentation for each of the global entities (and resulting cross-border issues), and assisting with individual partner issues.