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Catherine Gannon
Works at Gannons LLP
Lives in London, UK
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Catherine Gannon

• Business/Corporate Law  - 
 
Many UK lawyers are going to find themselves paying more tax as a result of changes now in place regulating the taxation of income taken out of the LLP by its members.  For some, a radical re-think on investment and reward is required.  For the LLPs, care is required to avoid unexpected penalties and interest charges for failure to operate PAYE.   The changes apply to all UK professional practices operated as a LLP including financial services, vets, medical businesses, etc.
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It is irrefutable that one of the most powerful tools in marketing is the database.  But with the growth of personal data bases such as Linked In where does that leave ownership?  The law in the UK relating to ownership of personal intellectual property created whilst employed is under developed to say the least yet businesses are losing out.  There are some steps that can be taken but action is needed ideally before the employee leaves.      
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Just because HR tell you it is gross misconduct that does not mean under UK employment law they are right.  UK employers are required to be fair and often have independent reviews before dismissing.  Let us hope the FCA employees are well advised. 
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Do you want an overview of changes in UK corporation tax compared with developments in other jurisdictions - useful to know as it predicts how HMRC will close in the future on changing business patterns.  I commented on a round table discussion with tax commentators - see attached
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If your business could be rolled out from the UK to other countries but you are not sure how to go about this step - a good starting point is http://bit.ly/1dpIlMb  where there is FREE advice from the UK government on British exports.   
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In the UK new tax legislation impacts on the structure and pay arrangements for limited liability partnerships - LLPs.  LLPs are still a good vehicle for many but not for everyone.  Tax traps await if HMRC determine a member is not genuine.  Our London based commercial law firm is working with LLPs to bring them in line. 
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Catherine Gannon

Questions / Discussions  - 
 
The development of data bases such as Linked In is changing the landscape in terms of ownership of intellectual property.  The UK legal system on ownership of virtual personal databases is not evolved but the loss to employers and employees over blurred lines is growing.   Our commercial London law firm is fielding more and more queries from clients every day.  What is the answer?
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Boutique firms seem to be on a roll.  The changing legal landscape means that referrals between boutique firms is increasing yet the specialist service keeps costs down so everyone is a winner.   In you do not know us we are a London based niche practice focused on corporate advice for private companies and corporate structures. We are worth knowing!
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Despite attempts at UK employment law reform we are finding employers still favour settlement agreements and negotiated pay offs. Some would say London employment lawyers are busier than ever.
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Catherine Gannon

Tips & Tricks  - 
 #UK
 
It can be really annoying to know you have suffered damages under a commercial contract but you just cannot decide if a claim in the UK courts is worth it.  We have outlined some steps to go over under UK commercial legal rules before jumping in.  
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In her circles
1,070 people
Work
Occupation
Solicitor
Employment
  • Gannons LLP
    Solicitor, present
  • Baker & McKenzie, Osborne Clark, SJ Berwin, Littlejohns, Baker Tilly
Basic Information
Gender
Female
Story
Introduction
Catherine Gannon Expertise

Gannons LLP is a law firm specialising in the law relating to employment, partnerships, LLPs, company/commercial and the resolution of dispute. 

Work and clients

As managing partners of Gannons LLP Catherine manages the law firm and its clients. Having both an accountancy and legal background as well as running a business Catherine stands out as being truly commercial.  Catherine's clients include LLP partnerships, companies, directors and senior executives. 

Catherine is regular writer and speaker for a variety of bodies including Chartered Institute of Personnel and Development, Institute of Tax, Institute of Directors, ESOP Centre and IFS ProShare. 

Route to Gannons

Catherine started her career by training with a firm of chartered accountants in the tax department. Upon qualification she trained to be a lawyer. Catherine worked for the major City law firm S J Berwin and the leading international law firm Baker & McKenzie before setting up Gannons.

Professional memberships

Solicitor, Chartered Tax Advisor, Chartered Institute of Personnel Development, Institute of Directors, Employment Lawyers Association, IFS ProShare. Association of Partnership Practitioners.

Why I became a lawyer

The thrill of the deal and elevating a client's position beyond expectations. Completion is always a great moment.  It is very rewarding watching the firm grow and develop.

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Currently
London, UK
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