TY - SER AU - Trevelyan, L. TI - No more deep pockets T2 - Law Society's Gazette PY - 2004/// KW - LIMITED LIABILITY PARTNERSHIPS ACT 2000 KW - LIMITED LIABILITY PARTNERSHIPS KW - LAW FIRMS KW - THIRD PARTY RIGHTS N2 - Examines the effect of the introduction of the Limited Liability Partnerships Act 2000. This allowed for the creation of a new legal entity which once registered as a Limited Liability Partnership (LLP) is liable to third parties rather than its members. Points out the advantages of this scheme which includes the recruitment and retension of staff as well as the obvious benefit of limiting of liability. Also discusses the uncertainties connected to this area including whether individual members are completely absolved of responsibility for liability, or if a member of an LLP can be sued for negligence ER -