The Rise of Employee Ownership within Law Firms
Is Employee Ownership a growing trend in Law firms? We’ve covered this topic before and based on the evidence we certainly believe it is. We have helped over 150 companies including five law firms transition to employee ownership through an Employee Ownership Trust (EOT).
In this article written for the Solicitors Journal publication Robert Postlethwaite presents the benefits and shares his experience of the journey to employee ownership.
Extract from the article:
The Journey to Employee Ownership
“As a firm specialising in employee ownership for over 20 years and having advised over 150 companies and several law firms on transitioning to EOT ownership we understand the value of this model firsthand. After three years of careful planning a timeline extended due to the Covid-19 pandemic in 2023 we were proud to transition ourselves to a 100% employee-owned firm through an EOT. Eighteen months on I can say that for us becoming employee-owned has been a really positive experience overall. It seems to have supercharged our collaborative culture how team members have worked together since the change has exceeded my expectations and lightened my load a bit everyone seems really invigorated and enthused by what we have done.”