Rethinking Ownership - Why Are Law Firms Embracing the EOT Model & Should You?

Introduction

Whether you are a law firm owner, partner, manager, or compliance professional, it is time to take notice of a growing shift in the legal sector. A so far quiet but increasingly powerful trend is emerging - law firms are embracing employee ownership as a way to secure long-term stability, enhance employee engagement and help ensure succession.

During this new virtual classroom seminar, you will discover what employee ownership means, how the Employee Ownership Trust (EOT) works, and why it is proving attractive to an increasing number of law firms as an ownership model in place of the traditional partnership, LLP or limited company.

The session will be led by Robert Postlethwaite, Founder and Managing Director of Postlethwaite Solicitors - a 100% employee-owned boutique law firm specialising exclusively in employee ownership.

With more than 195 EOT transitions completed and as author of The Employee Ownership Manual, Robert brings a wealth of practical experience and insight that is directly relevant to the legal profession. He will walk you through the key steps involved in becoming an employee-owned law firm - from initial considerations and structuring the transaction to meeting compliance requirements and communicating with your team.

If you are exploring future-proof options for your firm, this session will equip you with the knowledge to decide whether employee ownership could be the right path.

What You Will Learn

This live and interactive session will cover the following:

• The core principles of employee ownership and how it differs from traditional law firm structures
• How an EOT functions and the legal framework behind it
• Key drivers motivating law firms to adopt employee ownership, including succession planning and employee engagement
• An overview of the transition process, from feasibility to completion
• Governance and compliance considerations unique to employee-owned law firms
• Practical insights and lessons from real-world EOT transitions in the legal sector
• How to effectively communicate the change to employees and maintain a strong firm culture post-transition

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.