What is the required notification period for resignation or separation of a partner in a GPP firm?

The requirement for a partner in a General Professional Partnership (GPP) firm to notify the other partners about their resignation or separation is ten working days. This duration is intended to provide sufficient time for the remaining partners to make necessary arrangements, such as finding a replacement or reallocating responsibilities within the firm.

This notification period ensures that the transition is managed smoothly, minimizing potential disruptions to the firm's operations. In a professional partnership, stability is essential for maintaining client trust and internal coherence, making a defined notice period essential.

While options for five working days and ten calendar days may seem sufficient, they do not adequately align with the standard practices that allow firms to adjust effectively with a partner's departure. Similarly, a two-week notice could potentially lead to ambiguities in scheduling and could be less aligned with the formal requirements typically set out for GPP firms. Thus, the ten working days strikes a balance between urgency and the need for adequate preparation.