Our law firm is operating under a new name and legal structure as of mid-July 2024. Gibbs & Associates has become a limited liability partnership, as permitted by the Partnerships Act and the Law Society Act. The firm is now known as GibbsLaw LLP. This change paves the way for the addition of partners to make us a stronger firm.
As the name suggests, the partnership carries on the practice of law with a degree of limited liability. The partners in a limited liability partnership are not personally liable for the negligent acts of another partner or an employee who is directly supervised by another partner. Each partner is personally liable for his or her own actions and for the actions of those he or she directly supervises and controls. The partnership continues to be liable for the negligence of its partners, associates, and employees, and accordingly there is no reduction or limitation on the liability of the partnership.
Liability insurance protection for the lawyers of the partnership continues. We will continue to meet our insurance requirements, including those required by the Partnerships Act, as established for LLPs by the Law Society of Ontario (LSO). The LSO has determined that the liability insurance coverage for an LLP is that maintained individually by the partners.
The limitation on liability is the only change to the partnership resulting from the legislative amendments, and this change will not affect our firm’s relationship with our clients. GibbsLaw LLP is committed to providing the same high level of service and advocacy that our clients have already come to know, and we will continue to do our utmost to achieve the most practical and cost-effective results, as always.
