The tally of City firms calling on salaried partners to increase their capital investment in response to new HM Revenue & Customs (HMRC) rules is growing as Weightmans and Addleshaw Goddard this week confirmed they are in the process of significantly raising contribution levels.
Partners at Addleshaws voted in favour last Thursday (20 March) of 60 fixed share partners (FSPs) making a cash investment of just over 25% of their salary, the minimum stipulated by HMRC in order to be considered a partner as opposed to an employee.
