CM_Murray_LLP_-_Partnership_and_LLP

CM_Murray_LLP_-_Partnership_and_LLP_Practice

About Us Leading Specialists in Partnership and LLP Law CM Murray LLP is a leading specialist partnership, employment and regulatory law firm based in London. The breadth and depth of the Firm’s partnership and LLP law practice encompasses the 360-degree life cycle of partnership businesses, offering both contentious and non-contentious partnership law advice. The Firm is ranked by the legal directories as Tier 1 and Band 1 for Partnership Law and enjoys a market-leading reputation for advising professional and financial services firms and individual senior equity partners on sensitive, complex and cross-border partnership issues. We have the largest, and probably also one of the most high-profile, teams of specialist partnership and LLP law experts in the UK – many of whom are recognised as thought leaders in the field, with in-depth commercial understanding of partnership businesses and the issues affecting individual partners. Our Clients Our highly knowledgeable and commercially-focused team offers a full suite of partnership, LLP, corporate and regulatory law advice to professional and financial services firms, and individual senior equity partners in a variety of sectors, including: • UK, US and international law firms • Audit, tax and accountancy practices • Architects • Real estate consultants • Engineers • Recruitment consultants • Actuaries • Management consultants • Patent/trademark attorneys • Insurance/reinsurance brokers/ underwriters • Private equity houses • Hedge funds • Investment managers • Families and family businesses 2 CM Murray LLP

Professional Practices Alliance (PPA) We are a founding member of the Professional Practices Alliance, a multi- disciplinary collaboration between leading independent firms, advising professional services firms on partnership and employment law, partner remuneration, strategy, tax, accountancy and regulatory issues. The Alliance is highly regarded as a leading “think tank” on partnership and LLP issues and holds a regular programme of seminars and events for clients. The collaboration enables us to provide our clients with seamless, joined up thinking and commercial advice when it comes to a host of issues affecting professional practices. What sets it apart is its phenomenal team of truly first class individuals.” LEGAL 500 UK Market commentators hail CM Murray as ‘clearly one of the leading firms in senior executive and partnership law.’” LEGAL 500 UK Truly focused partnership experts.” CHAMBERS AND PARTNERS UK CM Murray LLP 3

Our Expertise Partnership Advisory We advise clients on the full range of non- contentious partnership matters, including: projects. Our partnership experts are highly experienced in the conversion of partnerships and companies to LLPs and the conversion of LLPs to companies. Establishing and Structuring Professional Services Firms We advise our clients on the optimum legal structure for their professional services business in the UK. The chosen structure has a huge impact on the business’ competitive advantage; we help our clients to evaluate their structure options and the impact on any existing international structure. We also advise clients on structuring their international networks and associations, including through a Swiss Verein or company limited by guarantee structure or through contractual association/referral arrangements. Internal Reorganisations When market conditions, industry practice, professional regulations, organisational culture and tax rules change, the effectiveness of a corporate, partnership or LLP structure should also be re-evaluated to ensure that a professional services firm’s strategic goals will continue to be met in the future within their existing structure. Even without external catalysts, sometimes firms need to reorganise to pursue strategic goals or to ensure efficiency. We help our clients to appraise alternative structure options and plan and implement re-structuring 4 CM Murray LLP Mergers, Acquisitions and Disposals of Partnerships and LLPs M&A involving professional services firm partnerships or LLPs are often highly sensitive and involve a complex process requiring the careful handling of competing interests between different partners or partner groups, as well as a thorough knowledge of the nuances of managing a transaction involving a partnership or LLP and associated professional regulatory matters. Our partnership lawyers have a wealth of experience in advising on UK and international partnership mergers in various sectors. Our lawyers can expertly guide you through the preparatory steps to ensure a successful merger, securing partner buy-in and approval of the transaction, dealing with and protecting the firm against dissenting partners, overcoming and Top-notch boutique offering expert counsel to, in particular, professional services and hedge fund clients.” CHAMBERS AND PARTNERS UK

Partner Remuneration Structures and Succession Planning Our partnership expertise combined with a deep knowledge of market practice on remuneration structures and succession issues in various professions and in all sizes and shapes of partnerships (including founder led firms) means we are well placed to advise on what are often very difficult and sensitive remuneration and partner succession matters. We also advise firms and partners on partner annuity schemes and goodwill mechanisms. SRA Authorisation We regularly advise law firms on regulatory issues and the process for authorisation by the Solicitors Regulation Authority (SRA). Our clients are often international law firms seeking to establish or widen their presence in England and Wales, or new or existing law firms seeking authorisation as a Licensed Body (also known as an “Alternative Business Structure” or “ABS”) or Recognised Body. avoiding potential deal breakers, and, where there are mergers of law firms, advising how the Solicitors Regulation Authority’s concerns about conflicts of interest and confidentiality can be managed. Partnership Agreements and Partner Policies Our extensive experience of resolving partnership disputes provides us with a unique insight into the common issues resulting from inadequate constitutional arrangements. We regularly produce bespoke partnership and LLP agreements and partner policies to provide our clients with a constitutional and governance structure which achieves their strategic goals and helps to avoid common legal and practical pitfalls. We have also drafted agreements for Compliance Officers for Legal Practice and Financial and Administration, to codify their responsibilities and obligations and put in place appropriate safeguards to enable them to carry out their roles effectively. Family Partnership Arrangements Many families choose a partnership or LLP to achieve their estate or succession planning objectives. We have experience of managing family dynamics and diverse objectives to establish and run a family partnership which suits the family for many generations. CM Murray LLP 5

Our Expertise Preventing, Managing and Resolving Partner Disputes Partner Behavioural and Conduct Investigations and Training We have market-leading expertise in advising firms and partners on allegations of partner wrongdoing, including sexual harassment, bullying and financial misconduct. We advise on the design and conduct of complex and sensitive partner investigations and disciplinary procedures, whilst simultaneously ensuring that, where required, self-reports are submitted at the appropriate time to regulatory bodies. Many of the partnership issues on which we advise are multi- jurisdictional and multi- disciplinary. In UK law firms, this training includes guidance on the SRA’s rules and expectations. Our international strength and depth in this area allow us to bring together and lead teams of overseas lawyers and criminal law and PR advisers to provide integrated, rapid advice for our partnership and LLP clients investigating or facing alleged partner wrongdoing. We also act as the independent investigator in law firm and other professional services partner investigations. We provide specialist partner behavioural training on bullying and harassment issues to firms and their partners around the world, which uniquely integrates partnership law, discrimination and regulatory issues, and real-life scenarios, into live, interactive, online or in person partner training sessions. Partner Underperformance The failure of senior management to address chronic partner underperformance can be one of the most significant causes of partner dissent and mass exodus, undermining the firm’s financial stability and negatively impacting the culture of the firm. We have extensive experience in advising firms on the effective design and conduct of partner performance processes, and the handling of individual underperforming partner reviews and exits, in line with best practice, to minimise the risk to the firm and senior management of potential partnership and statutory claims brought by the underperforming partner. We also advise partners facing underperformance concerns to help them understand and respond effectively to those concerns, to raise any grounds to legitimately challenge them (such as unlawful discrimination and whistleblowing detriment), and to place them in the best possible legal and negotiating position with their firm in their particular circumstances. 6 CM Murray LLP

Partner Wellbeing and Discrimination There is an increasing focus on the wellbeing of partners and employees in professional services firms, including in the context of mental wellbeing issues such as stress and anxiety caused by work pressures, and other non-work-related health conditions which may have an impact on a partner’s ability to perform their role. We have significant experience in advising firms on handling situations where a partner may be suffering from a health condition impacting their work, may need time off or adjustments to be made and where they may need to rely on a long-term income protection insurance benefit. We also advise individual partners who may be facing difficulties at work arising from health concerns, on engaging with their firm, and on the strategic and practical options available to them in the long and short term. We bring our experience of both partnership duties and obligations, analysis of the relevant documentation and of disability discrimination law in the UK to help firms and partners to find pragmatic and realistic solutions to what are often incredibly difficult and sensitive issues. We also provide training to partners to help them to manage mental health and wellbeing issues in their firms, including in relation to other partners, and employees for whom they are responsible. Eradicating Unlawful Discrimination and Harassment Diversity and inclusion, and the eradication of unlawful discrimination and harassment, are at the top of the agenda of law firms and other professional services firms. It is essential for firms to have a 360-degree approach within their partnerships, that ensures up-to-date partner policies and procedures are in place and reinforced regularly, to raise awareness of the importance of diversity and inclusion and expected partner behaviours; encourages and supports reporting of discrimination and harassment issues; effectively investigates and resolves discrimination and harassment complaints; focuses too on the pipeline; and succession issues to the partnership and is led from the top by senior leadership of the firm who support and model the firm’s diversity and inclusion values. The leading partnerships disputes people.” CHAMBERS AND PARTNERS UK CM Murray LLP 7

Our Expertise Preventing, Managing and Resolving Partner Disputes (Continued) We have a leading reputation for advising firms and partners on harassment and discrimination issues, and in related litigation. Notably, in 2019, our Managing Partner, Clare Murray, was called to give expert evidence to the House of Commons Women and Equalities Select Committee in its Inquiry into sexual harassment in the workplace. She was then appointed as Specialist Adviser to the Select Committee in its Inquiry and recommendations for legislative change. Partner Exits We advise firms and partners in relation to partner exits, including the associated legal rights (including statutory, contractual and implied rights), obligations and risks when a partner voluntarily or is forcibly required to exit or retire from the partnership. Where the exit involves a legal dispute between the parties, we provide pragmatic, strategic and tactical advice, always balancing the legal risks against the best commercial outcome, and sensitively guiding clients through what can be an extremely stressful and volatile situation. Partner Team Moves When key partners and their teams exit 8 CM Murray LLP a partnership, the business often suffers significant and potentially irreversible damage to its reputation, succession plan, working capital and future income streams. We help partnerships to implement effective contractual protections and measures designed to prevent such risks so far as possible and minimise the damage that can be caused. We also advise firms who are considering acquiring teams, to help them understand and manage the common pitfalls and missteps, and the potential risks and liabilities, that they and the team they are acquiring are likely to face. We frequently advise exiting partner(s), who may be contemplating a team move, on their legal duties and obligations, the risks of and potential sanctions for a team move (including the immediate and often unexpected risk of their capital, current and other partner balances being withheld, and profit share being forfeited) and, most importantly, on how these matters are often resolved in the real world. Partner Restrictive Covenants Partner and LLP member restrictive covenants are governed by a separate body of partnership law, under which partners are treated as being more akin to the vendor of a business interest than an employee. It is important, therefore, that partners understand that restrictive covenants which would not perhaps

be enforceable against them if they were employees may, nevertheless, be potentially enforceable against them as partners or LLP members. We are renowned for our specialist expertise in advising on and, where necessary, litigating partner restrictive covenant issues, including non-competition, non-solicitation and non-dealing with clients provisions, non-solicitation of colleagues, waiting lounge and team move prohibitions. We help partners to understand the implications, extent and enforceability of their duties and restrictions as a former partner. We have significant experience in advising exiting and former partners in relation to the tactical handling of such restrictions, defending claims and reaching a negotiated resolution with their outgoing firm. Contractual restrictions on former partners are crucial to protecting the goodwill and reputation of a business and we work with partnerships to ensure that such restrictions are up to date, effective and enforceable. Whistleblowing by LLP Members We have extensive experience in advising firms and partners in relation to whistleblowing issues in litigation by LLP members. Our expertise and interest in this area is also reflected by our pro bono work in public interest whistleblowing litigation. In 2014, we successfully represented the intervener and leading whistleblowing charity, Public Concern at Work (now Protect), in the Supreme Court in the case of Clyde & Co LLP and another v Bates van Winkelhof, which determined that LLP members, such as solicitors, accountants and other professionals, are entitled to statutory whistleblowing protections at work if they blow the whistle on alleged wrongdoing. We also successfully represented the same intervener in the Court of Appeal in the leading whistleblowing cases of Chesterton Global Ltd & Anor v Nurmohamed & Anor [2017] on the issue of the meaning of making disclosures “in the public interest” and in Day v Lewisham & Greenwich NHS Trust & Health Education England (2017) in relation to whistleblowing protections for junior doctors vis-à-vis their training body, Health Education England. Excellent reputation in handling team moves, partner exits and associated disputes.” LEGAL 500 UK Houses the best contentious partnership lawyers in the city.” LEGAL 500 UK CM Murray LLP 9

Our Expertise Regulatory Law & Professional Discipline Andrew Pavlovic is a partner at CM Murray LLP with substantial experience in regulatory and professional discipline matters, having previously acted for the SRA in some of its biggest and most high-profile cases in the Courts and the Solicitors Disciplinary Tribunal. With Andrew’s expertise, the Firm is able to advise on the regulatory aspects of employment and partnership disputes in-house, as well as providing stand-alone regulatory advice and representation in disciplinary proceedings. SRA investigations & disciplinary proceedings We have experience in advising both individuals and firms that are subject to SRA investigation and are able to advise on issues which commonly arise in such investigations, such as the application of legal professional privilege when responding to requests to produce documents. We have resolved cases through entering into regulatory settlement agreements with the SRA and have experience of conducting proceedings in the Solicitors Disciplinary Tribunal where settlement cannot be agreed. We are aware that disciplinary proceedings are stressful, and that there may be underlying pre-existing medical conditions which impact on the ability of individuals to participate in regulatory investigations/ proceedings. Where medical issues are relevant, we can liaise with the SRA to ensure that reasonable adjustments are put in place. Sexual misconduct The SRA has identified sexual misconduct as one of its key themes for a number of years now and continues to actively investigate and prosecute solicitors who have been found to have acted inappropriately. We have particular experience in respect of incidents which take place “outside the office” and are able to advise as to the facts/circumstances the SRA will take into account when determining if a matter is within their jurisdiction. We also have experience of advising individuals regulated by the FCA and the ICAEW in relation to allegations of sexual misconduct and are aware of the differing approach that regulators take to incidents which occur outside of the work environment. 10 CM Murray LLP

Advice for compliance officers/ self-reporting Compliance Officers for Legal Practice (COLPs) and Finance and Administration (COFAs) play a fundamental role in ensuring regulatory compliance within a law firm. We assist COLPs/COFAs in complying with their obligations, be that advising as to whether the threshold for self-reporting a serious breach of the regulatory arrangements to the SRA has been met, or advising as to what internal systems/processes should be put in place to assist and support COLPs/COFAs. SRA Workplace Environment Guidance In February 2022 the SRA published its guidance/thematic review on workplace environments, investigating the extent to which firm culture causes or contributes to individual misconduct. The SRA has signalled an intention to look at individual misconduct holistically and consider issues such as workloads, adequacy of supervision, and firm culture when attributing regulatory responsibility. Accordingly, where it is necessary for a firm to report alleged personal misconduct to the SRA, they will also need to consider whether firm culture played a role in that misconduct, and implement any steps that are required to demonstrate to the SRA that they are alive to the issue. We can advise on the drafting of such reports and the circumstances in which the SRA is likely to take actions against firms in addition to individuals. As part of the behavioural training we offer to firms and partners, we advise on the regulatory outlook and the potential for the SRA to take action against individual partners and/or firms who fail to identify and address systemic issues. Advice for General and In-house Counsel We have developed a specialism in advising on the particular issues that are pertinent/ relevant to General/In-house Counsel, who need to balance their obligations to act in the best interest of their employer with their regulatory duties. We are able to advise General and In-house Counsel as to how to set up internal investigations in order to avoid any accusations of conflict of interest or failing to act with independence. CM Murray LLP 11

• Advising an SRA regulated individual at a FCA regulated organisation regarding allegations of misconduct against him. Advising on self-reporting obligations to both regulators and regulatory reference issues from a FCA perspective. • Advising an FCA regulated organisation on their obligations when providing a regulatory reference in respect of an individual who left their organisation in the course of an investigation and before any findings of misconduct were made against them. • Representing a veterinary surgeon in proceedings before the Royal Committee of Veterinary Surgeons in relation to allegations of dishonesty. Our Expertise Other regulators Whilst we have substantial experience in dealing with the SRA, we also have experience of advising other regulated organisations/individuals. We have advised banks and FCA regulated individuals, accountants regulated by the ICAEW, veterinary surgeons and architects. Notable regulatory/professional discipline cases over the last 12 months include: • Instructed by a male law firm partner accused of inappropriate conduct towards a female partner following a work event. • Advising a COLP of a top 50 law firm as to self-reporting obligations in respect of instances of alleged personal misconduct and whether there had been any breaches of the firm code of conduct in respect of a failure to put in place adequate systems of supervision. • Advising a large organisation as to whether it could have one overarching in house legal team advising different subsidiaries within the organisation without breaching the SRA rules on conflicts of interest. 12 CM Murray LLP

Annual Review CM Murray LLP Partnership Practice: A Year in Review Significant Appointments: Leading Partnership Law specialist, Corinne Staves joined CM Murray LLP as a Partner in September 2022. Corinne has a wealth of experience in advising both firms and individual partners on a wide range of matters, including new firm launches, partner admissions, mergers and demergers, LLP conversions and capital events, risk management and compliance matters, governance and structuring as well as partner and team moves. Regulatory and professional discipline specialist Andrew Pavlovic joined the Firm as a Partner in December 2021. Recognised by Legal 500 UK 2023 as a ’Next Generation Partner’ in the field of professional discipline, Andrew has substantial regulatory experience, having acted at his previous firm for the Solicitors Regulation Authority over several years in complex disciplinary proceedings and subsequent appeals. Employment and partnership law specialist, Emma Bartlett, joined the Firm as a Partner in January 2021. Emma has particular expertise in advising LLPs and members within private equity and financial services, including on D&I and wellbeing issues in professional practices firms. Sarah Chilton, Head of CM Murray LLP’s Partnership Disputes & Investigations practice, was appointed as Senior Partner of our firm in August 2022. Sarah also continues in her external roles as a member of the Management Committee of the Association of Partnership Practitioners (APP). Senior Associate Wonu Sanda was appointed Chair of the Up-and-Coming Committee of the APP. Zulon Begum was appointed D&I Officer of the IBA Law Firm Management Committee and Program Officer for the IBA Alternative and New Business Law Structures Committee. CM Murray LLP 13

Annual Review • Advising many acquiring firms, as well as partner teams, on partner team moves, restrictive covenants and associated potential litigation. • Advising on, and defending, restrictive covenant litigation against professional services partners who have moved and are seeking to challenge the restrictions imposed on them by their former firms. • Advising private equity fund partners on restrictive covenants, including in relation to injunctive relief and significant issues relating to forfeiture of financial interests, including coordinating advice across multiple jurisdictions and various complex corporate structures, and frequent negotiation of successful commercial and confidential resolutions. • Providing extensive, bespoke training to law firms, both in the UK and globally, on partner behaviour issues. Rapid growth of our non-contentious partnership practice: Following the appointment of Zulon Begum as a partner in Summer 2018, we have substantially expanded our non- contentious partnership practice, resulting in a number of significant new mandates from professional services firms, including law firms, assisting with: • Setting up and structuring new partnerships for overseas law firms. • Reviewing and extensive rewriting of professional services firm LLP agreements. • Undertaking full constitutional and partner remuneration reviews for professional partnerships. • Advising on corporate and regulatory structure changes, such as conversion of law firms to Alternative Business Structures. Notable contentious partnership work includes: • Advising many professional services firms and accused partners on investigations into allegations of partner misconduct, including sexual harassment and bullying, and allegations of dishonesty and wrongdoing. 14 CM Murray LLP

Professional Practices Alliance (PPA): We continue to be very actively involved in the successful Professional Practices Alliance, which we co-founded with Maurice Turnor Gardner LLP. Alongside partner remuneration specialist David Shufflebotham of PEP-UP Consulting, and law firm management consultant Rob Millard of Cambridge Strategy Group, the Alliance continues to be a pre- eminent thought leader in partnership issues affecting professional practices and their partners. Top Rankings in the Legal Directories: We are proud to be ranked Tier 1 and Band 1 for Partnership Law in both Legal 500 and Chambers and Partners. Although it has traditionally focused on contentious partnership issues, the firm is also developing a strong reputation for its advisory work for professional services firms.” LEGAL 500 UK …CM Murray is the leading niche partnership and employment litigation practice.” LEGAL 500 UK CM Murray LLP 15

Our Reputation and Rankings Legal 500 Firm Ranking: Tier 1 – Partnership “As an employment and partnership boutique, CM Murray LLP is uniquely placed to focus on the issues relevant to partnerships, their people and their clients.” “A really top flight firm. Rightly at the top of the rankings. Superbly responsive, expert and effective. Brilliant with clients. An outstanding firm, especially so in representing individuals. Outstanding leadership and a really good team spirit.” “CM Murray LLP is a specialist UK partnership firm, with ‘one of the legal world’s strongest offerings in this area’.” “Although it has traditionally focused on contentious partnership issues, the firm is also developing a strong reputation for its advisory work for professional services firms.” “…CM Murray is the leading niche partnership and employment litigation practice.” Hall of Fame: Clare Murray “Clare Murray is now head and shoulders above her peers and is the go-to lawyer for individuals and businesses.” Leading Individual: Sarah Chilton “Sarah Chilton is exceptional. Very easy to deal with. Gives straightforward and practical advice. You trust the advice you are being given and it is well thought through and practical.” Leading Individual: Corinne Staves Corinne Staves is “a complete star and one of the best in the market.” Next Generation Partner: Zulon Begum ‘Zulon Begum is knowledgeable, pragmatic and commercial. Best of all, she is unflappable!’ “Zulon Begum has assisted us with restructuring our LLP, which for many members is an emotional challenge as much as a legal one. Her experience and empathy with such challenges is first-rate.” “Zulon Begum jointly leads the department with Sarah Chilton, who assists LLPs, individual partners and members with issues involving partner wrongdoing and misconduct; these are also areas that founding partner Clare Murray also excels in.” 16 CM Murray LLP

Recommended Lawyers: Beth Hale, David Fisher, Merrill April, Emma Bartlett, Andrew Pavlovic, Louise O’Connor, David Jones “David Fisher is another standout practitioner, with experience of partner team moves and the cross-border enforcement of restrictive covenants.” “Merrill April – thoughtful, considerate professional. A master tactician, she is calm, cool and collected. And for these reasons she’s a real force to contend with” “Andrew Pavlovic’s specialism in SRA regulation and professional firm disciplinary matters places him at the heart of the thorny issues facing many professional firms.” “Louise O’Connor – industrious, extremely bright, emotionally intelligent and strategic in her advice. She’s a rising star and no doubt a huge hit with CM Murray’s clients.” “David Jones is an efficient and very capable associate.” Firm Ranking: Firm to Watch – Professional Discipline Next Generation Partner: Andrew Pavlovic Chambers and Partners Firm Ranking: Band 1 – Partnership “Extensive, expert coverage of partnership matters with particular emphasis on contentious work. Key strengths in the legal and financial services spheres and long experience advising UK and US firms on individual and team moves, restrictive covenants and whistle- blowing cases. Active on cross-jurisdictional work and especially praised for its handling of partner discrimination issues. Notable expertise in representing individual partners during exit negotiations and investigations into allegations of misconduct.” “Another source says the team is “excellent” and provides “superb advice and client support.” Partnership – Contentious (UK-wide) Star Individual: Clare Murray “The “absolutely outstanding” Clare Murray is hailed as “the best in the business” for contentious partnership matters. She advises on cross-border disputes and investigations concerning partnerships, including cases concerning allegations of discrimination and restrictive covenant issues. According to one interviewee, “she is extremely able, clear and straightforward, and she knows the field inside out.” CM Murray LLP 17

Our Reputation and Rankings Band 2: Sarah Chilton Band 3: Clare Murray Up and Coming: Zulon Begum “Zulon Begum assists professional services firms from the legal and financial sectors with partnership restructuring and amendments to LLP agreements. She also advises on the non-contentious aspects of sensitive issues such as partner exits. A source reports: “Zulon has provided wise counsel during difficult negotiations, focuses on the needs of her clients and has always been responsive.” Notable Practitioners: Clare Murray; David Fisher; Sarah Chilton; Zulon Begum “Interviewees praise “sensational lawyer” Sarah Chilton for being “very strong on partnership and very strategic.” Triple qualified in England and Wales, Scotland and Northern Ireland, her expertise includes cases concerning alleged sexual harassment and discrimination as well as partner exit negotiations and related disputes.” Band 3: David Fisher “Market commentators note that David Fisher is “exactly who you want to fight your corner.” Sources also acknowledge him as a “very sensible tactician.” He advises individual partners on highly sensitive and contentious matters, such as harassment allegations and breaches of LLP agreements. He also handles matters surrounding team moves.” Partnership – Non- Contentious (UK-wide) Band 1: Corinne Staves “Corinne is a terrific all-round practitioner who is very responsive, knowledgeable and good with any concerns clients may have.” “She is easy to work with, commercial, has tremendous energy and is a genius for identifying topics that are of relevance to her clients.” 18 CM Murray LLP

Our Team Clare Murray Managing Partner Sarah Chilton Senior Partner Zulon Begum Partner Beth Hale Partner and General Counsel Andrew Pavlovic Partner David Fisher Partner CM Murray LLP T. +44 (0) 20 7933 9133 E. info@cm-murray.com Please visit us at: www.cm-murray.com Merrill April Partner Emma Bartlett Partner Corinne Staves Partner Key Contacts Clare Murray Managing Partner E. clare.murray@cm-murray.com M. +44 (0) 7957 383 079 Zulon Begum Partner and Co-Head of Partnership Practice E. zulon.begum@cm-murray.com M. +44 (0) 7720 086 650 Sarah Chilton Senior Partner and Co-Head of Partnership Practice E. sarah.chilton@cm-murray.com M. +44 (0) 7964 343 733 Corinne Staves Partner E. corinne.staves@cm-murray.com T. +44 (0) 20 7933 9133 CM Murray LLP 19

Useful Links Mergers In The Time Of Coronavirus And Beyond Sarah Chilton Zulon Begum Managing and Responding To Partners Exits – Part One: the Firms’s Perspective Wonu Sanda Follow CM Murray LLP on LinkedIn and Twitter. Follow the Professional Practices Alliance on Twitter. Join the Professional Practices Alliance LinkedIn Group here. Subscribe to the Professional Practices Alliance blog here. 20 CM Murray LLP