9 C
London
HomeLegal NewsHappiness & Positivity as Oliver & Co Solicitors becomes fully employee owned

Happiness & Positivity as Oliver & Co Solicitors becomes fully employee owned

Helen Greaney
By Helen Greaney

85 employees of Chester-based Oliver & Co Solicitors have become 100% owners of the business through an employee ownership trust and will enjoy an equal share of the firm’s profits. The move means the company has become largest law firm in North West to move to employee ownership

The former owners of Oliver & Co describe the move as a “natural progression” for the firm which will “secure the business for the future”.

Oliver & Co is the first law firm in Chester and North Wales to become employee owned and is the largest law firm in the North West of England to make the move to employee ownership.

Oliver & Co’s former owners David Owen and Kay Cook will remain with the firm in senior positions. David Owen said: “We’ve always prioritised happiness and positivity at Oliver & Co, so employee ownership was a natural progression for us.

“By selling the business to our employees we can retain that special culture and secure the business for the future. And our clients will benefit too, because if our people are happy, that is reflected in the fantastic service we give to our clients.”

Employee ownership is increasing across the UK and according to the Employee Ownership Association, companies that are employee owned, or who have a large and significant employee ownership stake, now contribute £30 billion to the UK’s GDP.

Kay Cook explains why employee ownership made sense for Oliver & Co: “Employee owned businesses tend to see higher levels of profitability and productivity, along with improved employee and customer satisfaction. Employee owned companies excel in engaging employees, who in turn drive performance and innovation.

“We’ve always encouraged colleagues to make suggestions and contribute to the way the business is run. Becoming employee owned takes that a step further and gives our people a stake in the business and an equal share in our profits, no matter what their role or seniority.”

Employee ownership is one of the fastest growing business succession solutions in the UK, where there are now more than 1,000 employee-owned businesses, with the sector more than doubling in the past three years.

The fast pace of growth amongst businesses has taken off with the use of the employee ownership trust (EOT), introduced by the government in 2014 to encourage long-term employee ownership, and one in every 20 private company sales is now to an EOT, with Oliver & CO Solicitors joining a network of EOTs in the UK that include Richer Sounds and Go Ape.

James de le Vingne, Chief Executive of the Employee Ownership Association, said: “We congratulate our members Oliver & Co Solicitors on its transition to employee ownership; securing the ethos, values, and culture of the business, as well as rooting jobs in Chester.

“Businesses that give employees a stake and a say build trust and shared responsibility, uniting leaders and employees behind a common purpose, and leaving businesses in a better position to flex and adapt.”

Oliver & Co’s employees will be eligible to become employee owners after working for the business for six months.

Oliver & Co has recently received recognition in the fields of personal injury, industrial disease and clinical negligence by being ranked in the 2023 edition of the Legal 500, the independent guide to the legal profession that is based on feedback from clients. 

Total
0
Shares
Share 0
Tweet 0
Pin it 0
Share 0
Previous article
Orgaimi Taps Renowned Legal Market Innovator Stephen Allen as Market Evangelist
Next article
Lanyon Bowdler shortlisted for two national awards

latest articles

explore more

134 COMMENTS

  41. I haven’t a clue how to use WordPress and Comicpress to create sites and publish comic strips! Please help. Do you know of a good walkthrough? Thanks much!.

  122. The 12 brushes in the Sigma Beauty Essential Brush Set are made of its proprietary SigmaTech synthetic fibers, which claim to hold the right amount of product and apply with ease. Like the foundation brush from the It Cosmetics set, the foundation brush in this set looks like a paintbrush, which made it easy to build up my cream and liquid foundation in layers, but not so effective at blending. (You’ll have to follow up with the included duo fibre brush for that.) For the crease brush, I used the E40 in this set. Though this was once a highly acclaimed crease brush for beauty buffs, I found that the bristles are a bit too long and tapered to create a well-blended transition color between the lid and the brow bone. BACK TO SCHOOL SALE. SAVE UP TO 50% 6-Piece Eye Brush Set + Bag BS-MALL Makeup Brush Set Review: This 11-piece Bamboo Makeup Brush Set is a trendy addition to any woman’s beauty kit. This set is designed to meet all daily makeup application needs. The brushes are soft, but firm enough to do a good job. Reviewers say these brushes are great for eye-shadow and face contouring.
    http://www.sangjinarp.com/bbs/board.php?bo_table=free&wr_id=119713
    By accepting these services, we are able to show you advertisements, sponsored content or discounts for our website or products based on your browsing and shopping behaviour that are tailored to your interests, as well as measure their success. With your consent, we use the following third-party services on this website: Taking the beauty world by storm in 2009, the founders Dr. Simone Xavier and Rene Xavier Filho started their line with just one makeup brush, the F80 Flat Kabuki™. That’s all it took! Now, the brand has a whole army of cult cosmetics in its repertoire, including premium-quality eyeshadows, blushes, lip products and more. When you shop with Cosmetify, you can also take advantage of the best brand offers by shopping the Sigma Beauty sale. Browse the range now and take advantage of our Sigma Beauty offers.

  133. I am new to Joomla and don’t know how to add a link from a Joomla website to mine. I looged into administrator section and can’t find any that will let me put my link in the footer of the pages..

  134. Stably functioning and at the same time cheap VPS hosting from AlexHost has a number of advantages, including: Thanks to advanced automation tools, our fully managed VPS hosting provider promptly creates new plans upon ordering. This fully self-managed VPS hosting plan and service eliminates manual setup delays, providing efficient and fast service through our global infrastructure. Experience top-quality, fully self-managed hosting VPS hosting plans and services with the speed and reliability you can count on. Changing your hardware to meet your changing needs doesn’t have to mean risking hidden costs. Pair doesn’t impose upgrade or downgrade fees. Size your VPS hosting plan up or down as your needs change, and you’ll only pay the difference between your old and new account prices. It’s that easy.
    https://datosabiertos.carchi.gob.ec/user/gyzsdappwardrab1983
    Our Denmark VPS Hosting servers are optimized for various use cases. Experience Fast and Reliable VPS hosting with VPScore. Buy KVM VPS for unmatched performace with 24 7 expert support At Afforable Prices. Here are the most common questions about dedicated server hosting we get from our customers, Hence we elaborated our FAQ to ensure you find answers as quickly as possible. Turbovps was formed by the professionals with over 30 years of experience with purpose of delivering Enterprise grade solution at economical rates. Virtual Private Server (VPS) is a private, highly secure, and scalable web hosting type. Generally, the users who can’t afford the Dedicated Server but need higher scalability, reliability, security, and backup resources more than a Shared Server, opt for the VPS Server in UAE. Our VPS Hosting provides you the experience of enterprise-grade resources and customer-focused services using its virtualization technology. It will give you the authority to utilize the intense resources to serve multiple users’ requirements.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

LawNews.co.uk provides the latest legal news and analysis from around the world

most viewed

useful links

Copyright © 2022 LawNews.co.uk