Conversion to Limited Company
With effect from 1st January 2022, Bennetts Solicitors has converted to a private limited company registered in England and Wales with company number 13649683 and with the name ‘Bennetts Legal Services Ltd’. We shall continue to use ‘Bennetts Solicitors’ as our trading name.
As part of the conversion, Jane Ambler, the sole practitioner, transferred to the limited company, the firm’s business and assets and the limited company assumed certain liabilities and commitments of the sole practitioner. The transfer included client engagements, records and confidential or privileged information.
In practical terms, it will be very much business as usual. The change will not affect the services we provide and the same team will continue to provide their services to you as before.
Reasons for Change
A private limited company structure is the preferred corporate structure for professional services firms and a very significant number of UK law firms have converted in recent years. We believe it is right for us to also convert to this structure, to provide the firm with a transparent and modern business platform for the future.
The limited company is authorised and regulated by the Solicitors Regulation Authority with SRA ID 831833
Our change in status, means that the level of our professional indemnity insurance cover has increased to £3 million.
All money held by the sole practitioner on behalf of clients was transferred to the control of the limited company on 1st January 2022.
New Terms of Business apply to all new work which the limited company is instructed to carry out, on or after 1st January 2022. Existing Terms of Business which have been agreed with the sole practitioner in relation to; our role, the services you have asked us to provide, the team working for you, costs, and timescales (or any other terms which have not been superseded by the new terms) will continue to operate as set out in your original client care letter, but will now be under the terms of your contract with Bennetts Legal Services Ltd. For the avoidance of doubt, all aspects of your relationship going forward are now with Bennetts Legal Services Ltd. New Terms of Business will issued in due course if you have not already received a copy.
If you do have any queries or questions concerning the above, please do not hesitate to speak to your usual contact.