Own Goals: Christian Wilson on the rise of Employee Ownership

Employee ownership is a rapidly developing area of business ownership and one that is now being tentatively adopted by law firms. There are now around 20–30 employee-owned law firms in the UK. The exact numbers are not known, but against a backdrop of over 9,500 legal practices, it is a tiny fraction.

Following the 2012 Nuttall Review of Employee Ownership, tax incentives were introduced, under the Finance Act 2014, that encouraged the growth of employee-owned businesses. Since then, the UK has seen a rise in the number of businesses owned by employee ownership trusts (EOTs), to the point where there are currently more than 1,650 employee-owned companies.

Commenting on employee owned law firms, Employee Ownership Trusts Partner Christian Wilson has written an article which has featured in The Law Society. 

Read the full article here: Own Goals | The Law Society