They were a boom time construct that inflicted significant damage when the crash came. Now, the curse of the personal guarantee is striking again. Paul Wyse, the managing director of Smith & Williamson, has said law partners are still being forced to sign personal guarantees against borrowings despite legal practices becoming limited liability partnerships (LLP) to try and protect their personal assets. Wyse said having to sign personal guarantees was hindering the growth of Irish law firms and their ability to plan succession from senior to up-and-coming partners. Wyse told The Currency that the issue had arisen unexpectedly in Smith…

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