🚨 Reed Smith has just announced its Direct Training Contract route!
The deadline is 20th June.

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Message: <blockquote data-quote="achramore" data-source="post: 7867" data-attributes="member: 582">Hi,I am currently working on a research task for my interview at a law firm next week.The scenario is that a private funds client in the States is setting up a new fund structure in a couple of different countries and is considering adding a limited partnership/private fund limited partnership.Now I need to give a recommendation to the client advising them whether to set it up as a traditional LP or a PFLP. I also need to include the advantages of using each of these vehicles.I understand that the new PFLP is much more flexible as it reduces the administrative burden and also can give the limited partners more rights.However, the whitelist does not guarantee LPs any actual new powers over the fund - it is still up to the investors and managers to commercially agree on the inclusion of such power in the contract in the first place.I would definitely recommend the client to go ahead with the Private fund LP and cannot really see any advantage that the LP has over the Private fund LP. Am I missing out on an important point here?</blockquote>

Verification: Our company is called, "The Corporate ___ Academy". What is the missing word here?

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