How many non-lawyer managers can a firm have now
Important: The FAQs below were written and published before the introduction of the SRA Handbook on 6 October 2011, and may refer to regulatory material that is no longer in effect. Although they may still be relevant, these FAQs have not yet been reviewed in light of the wide-ranging regulatory changes implemented on 6 October. They will be reviewed and updated (or archived) in due course.
How many non-lawyer managers can a firm have now?
The restriction on the extent of non-lawyer
ownership of an LDP is by proportion rather than number—non-lawyers must not make up more than 25 per cent of the ownership of the firm. However, there is an additional restriction in relation to the number of managers
—non-lawyers must not make up more than 25 per cent of the number of managers.