Limited Liability Partnership
The partnership carries on the practice of law with a
degree of limited liability. The partners in a limited liability partnership are not
personally liable for the negligent acts of another partner or an employee who is
directly supervised by another partner. Each partner is personally liable for his or
her own actions and for the actions of those he or she directly supervises and
controls. The partnership continues to be liable for the negligence of its partners,
associates and employees, and accordingly there is no reduction or limitation on
the liability of the partnership. All of the firm's assets remain at risk.
Liability insurance protection for the lawyers of the partnership continues, and
minimum insurance requirements, as required by the Partnerships Act, have
been established for LLPs by the Law Society. The Law Society has determined
that the liability insurance coverage for an LLP is that maintained individually by
the partners.
The limitation on liability is the only change to the partnership resulting from the
legislative amendments and this change will not affect our firm's relationship with
you as a client.