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Partners in solicitor firms
Practitioners should be aware that for regulatory purposes, the Law Society does not differentiate between an equity partner and a salaried partner in a solicitor firm. All solicitors in a solicitor firm who hold themselves out as a partner or use the title of partner (whether equity or salaried) have joint and several liability for the firm and the regulatory responsibilities and obligations of a partner. Any salaried partner should be aware that they shall be treated as a full regulatory partner by the Society.
Niall Connors
Director of Regulation and Registrar of Solicitors
