Fenchurch Law hands decision making power to its people, announcing shift to employee ownership model
Fenchurch Law, the UK’s leading firm working exclusively for policyholders and brokers on complex insurance disputes, has announced that 60% of its shares will now be owned by employees, via its newly formed Employee Ownership Trust (EOT).
The move, designed to recognise the valued contribution of all employees across the business, will also give staff the opportunity to put themselves forward to join the firm’s management team to represent their colleagues, giving them full oversight and decision-making power across all aspects of the business.
As part of its ongoing commitment to offering a supportive, dynamic, and rewarding workplace for all, the decision to become employee-owned makes Fenchurch Law one of the first law firms in the UK to adopt this model, which has seen significant success in other sectors with insurance broker Howden, retail group John Lewis and cosmetics brand Lush.
Managing Partner at Fenchurch Law, David Pryce, commented:
“This is the natural next step for Fenchurch Law, as we have always wanted to create a real feeling that everyone is in it together. Becoming employee-owned cements our progressive and unique values. It gets rid of the ‘us’ and ‘them’ mentality and enables every member of the firm to share rewards and responsibilities.
It enables us to ensure that every member of the team has the opportunity to be fully involved with the ins and outs of the firm.”
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