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Employee ownership: getting the best from your trustees

When a business chooses to transition to employee ownership (EO), a trust must be established for the benefit of the employees of the company. The trust becomes the legal owner of the company shares, and the trustees are appointed to the board of that trust. Their role is to protect the interests of the employees as shareholders.

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Dentons

Dentons scores Government contracts worth more than £9m

Dentons has won two lucrative UK Government mandates whose combined value is worth around £9.5m. The contracts relate to two different mandates for the Department of Business, Energy and Industrial Strategy (BEIS) and HM Treasury. However, they stem from Dentons’ role within the Government’s wider Finance and Complex Legal Services (FaCLS) panel. The HM Treasury […]

DWF back on the M&A trail with two acquisition deals

DWF is looking to provide a special bonus pool to its staff off the back of a set of positive financials, as it returns to its acquisitive mode with the purchase of two new businesses. A trading update showed that revenue grew by 13 per cent to £338m, with profits before tax standing at £34m, […]

bonus money

CMS and Clydes jump on special bonus bandwagon

CMS and Clyde & Co are to dish out bonuses to their workforces, mirroring similar reward measures in other firms. The Lawyer has learned that CMS has made the internal announcement as a ‘thank you’ to its headcount for their work during the pandemic. The bonus – which equates to 5 per cent of an […]

Slaughter and May

Slaughters U-turns on bonus decision

Slaughter and May has announced a five per cent bonus for its staff for their efforts during the pandemic. Only last April, the firm said it would not be handing out a special bonus, though it did bump up employee Christmas bonuses by 2 per cent last year. At the time, the firm also said […]

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