Our website uses cookies to improve your user experience. If you continue browsing, we assume that you consent to our use of cookies. More information can be found in our Cookies and Privacy Policy. 

X
Skip to content
Employee Benefits
  • News
  • Covid-19
  • Tax & Legal
  • Benefits
  • Events
  • Suppliers
  • Email sign up
Search Login / Register Primary Menu
Close
or Register
news UK Employee wellbeing Financial wellbeing Share schemes Share schemes

Hodge Jones and Allen launches employee ownership trust

By Jerome Smail 6th December 2018 11:21 am 6th December 2018 11:21 am

Law organisation Hodge Jones and Allen (HJA) has transferred to an employee ownership trust (EOT).

Sole remaining founding partner Patrick Allen said he decided to create the EOT so that the solicitors’ ethos of helping people would continue and all of the staff could benefit.

The move is apart of a succession plan to enable Allen to take a less active role in the business, which has an annual turnover in excess of £17 million. The organisation will be able to make tax-free distributions to its 230 employees up to a maximum of £3,600 per annum.

The shares in Hodge Jones and Allen will be owned 100% by the EOT. Senior partner Allen will act as trustee with managing partner Vidisha Joshi, and Kingsley Tedder will become an independent external trustee for corporate governance and compliance.

There will be no change in the day-to-day running or operation of the organisation.

Allen said: “Becoming employee owned reflects the people-first entrepreneurial spirit that has been the backbone of HJA since 1977. It provides continuity for our partners and staff, and therefore our clients. It is the perfect model for an organisation like ours.

“I wanted to ensure that the organisation could continue to grow in the same way as I intended when I founded it over 40 years ago. We have a fantastic team and we help people who may not always be able to access advice and redress. I see this as a way in which my vision can go forward and thrive into the future.”

news Employee engagement

2Excel Aviation launches employee ownership trust

21st November 2018 11:38 am 21st November 2018 11:38 am
news Share schemes

Film studio Aardman transfers to employee ownership

14th November 2018 9:24 am 14th November 2018 9:24 am
news Employee engagement

Cambridge Design Partnership launches employee ownership trust

13th August 2018 10:33 am 13th August 2018 10:33 am
Sign up for the leading independent source of news and expert analysis delivered straight to your inbox. Sign up
Latest ArticlesComments
news Pay strategy

Linklaters reports 20.7% mean gender and 10.8% ethnicity pay gaps

15th January 2021 11:14 am 15th January 2021 1:54 pm
news Benefits for carers

71% of working mothers have had their furlough requests refused

15th January 2021 10:15 am 15th January 2021 10:15 am
news Employee wellbeing

JTF Mega Discount Warehouses launches employee assistance programme

15th January 2021 10:04 am 15th January 2021 2:40 pm
news Total reward

The top 10 most-read articles between 7 January – 13 January 2021

15th January 2021 6:00 am 14th January 2021 11:12 am
  • Cancel reply

    Threaded commenting powered by interconnect/it code.

Explore

  • Email sign up
  • News
  • Benefits
  • Analysis
  • Supplier network
  • Events
  • Jobs
  • Video
  • Buyer’s guide
  • Case studies
  • Opinion
  • Industry sectors
    • Building & Construction
    • Charity / Voluntary
    • Financial Services
    • Healthcare
    • Industry
    • Leisure
    • Logistics
    • Manufacturing
    • Media
    • Pharmaceuticals
    • Professional Services
    • Public Sector
    • Retail
    • Technology / telecommunications
    • Transportation
    • Utilities
  • Digital editions
  • Contact us
  • Twitter
  • LinkedIn
  • Contact us
  • Cookies
  • Privacy
  • Website Terms and Conditions

Copyright @ 2020 DVV Media HR Group Ltd

built by Bournemouth Digital

DVV Media HR Group Limited. Registered in England and Wales no. 6776955.

Registered office 1st Floor Chancery House, St Nicholas Way, Sutton, Surrey SM1 1JB