Our employee ownership practice is market-leading and, as the government's Independent Adviser on Employee Ownership, our partner Graeme Nuttall has set the agenda for promoting employee ownership in the UK. The "Nuttall Review of Employee Ownership" sets out a vision for UK businesses where, as the Deputy Prime Minister put it, "a big chunk of the company belongs to a significant number of staff".
We advise flagship employee-owned organisations including Arup Group and John Lewis Partnership on maintaining their structures, and we work with start-ups and growing companies so they too can benefit from employee ownership.
We advise on employee buyouts as a succession solution, in particular using employee benefit trusts as part of ownership structures to buy shares from a company's founders, and on employee ownership in business rescue solutions.
We are also leaders in advising on public service mutualisations as a way to transform public services.
Notable deals / highlights
Advised Associated Chemists becoming the first pharmacy to adopt employee ownership as a succession solution.
Advised Mary Knowles Homecare Partnership setting up an Employee Benefit Trust. Founder Dan Knowles said our “expertise in the field of employee ownership is second to none” and that “working together we have set solid foundations for the growth and development of this exciting new employee-owned business".
Advised on the establishment of Marine Engineering Partnership as a 100% employee-owned organisation, held in trust for the benefit of employees, both now and in the future.
Advised on the creation of Central Surrey Health, a not-for-profit co-owned by all of its employees, which delivers nursing and therapy services in the Central Surrey Health area.