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Fieldfisher partner Graeme Nuttall has been selected as one of this year’s ten Innovative Individuals to be featured in the FT Innovative Lawyers Report. This recognises Graeme Nuttall's innovative work to drive employee ownership into the mainstream of the UK economy.
The ten Innovative Lawyers are drawn from research across all categories of the Innovative Lawyers Report, which this year included over 600 submissions from over 100 law firms across Europe. The report will be launched at the National History Museum on 3 October 2013 and published with the Financial Times on 4 October 2013.
Graeme's authorship of 'Sharing Success: The Nuttall Review of Employee Ownership' in July 2012 and his subsequent work in the field has continued to attract significant coverage this year. Graeme was heavily involved in the UK's first Employee Ownership Day on 4th July 2013, which celebrated the success of employee owned businesses. On the day, the UK Government underlined its support for the employee ownership model by releasing a new set of guidelines for businesses seeking to convert to employee ownership.
Graeme said: "My nomination is a reward for the hard work so many people have put in to promote the employee ownership model. The model works for all sizes of business, across different sectors and at every stage of the business life cycle: at start up, as a growth strategy, as a succession solution and in rescue situations. Employee ownership is about building something from which generations of employees, customers, suppliers and the community can benefit."
On 8 February 2012 Graeme was appointed the Government's independent adviser on employee ownership, a part-time voluntary role. The Nuttall Report was published on 4 July 2012. The UK Government’s 2013 Budget Report confirmed support for employee ownership as a business model and welcomed work by the Implementation Group on Employee Ownership to take forward the recommendations of the Nuttall Review.