We're pleased to announce the successful transition of our client, Progression Solicitors, to an Employee Ownership Trust (EOT).
Completed in October 2024, this marks the third EOT conversion in the legal sector that Myerson's corporate team has facilitated in the last quarter.
Established in 2005 by Managing Director Anthony Smith and Pamela Horobin, Progression Solicitors provides specialist services for various business and personal legal issues.
The firm operates five offices across the South Lakes and North Lancashire, with its head office in Ulverston and additional locations in Windermere, Grange-over-Sands, Barrow-in-Furness, and Lancaster.
The new EOT structure for Progression Solicitors includes Anthony Smith, John Parker (Independent Trustee), and Michele Ashton (Employee Representative).
This transition enables the firm to maintain its existing management team, ensuring no changes to day-to-day operations while fostering a culture of shared ownership among employees.