Myerson Solicitors Becomes Manchester’s First 100% Employee-Owned Law Firm

Myerson has always had a ‘people-first’ culture, with the ethos of remaining independent and growing only organically. Becoming 100% employee-owned reaffirms Myerson’s commitment to this and aligns with its core values of innovation, creativity, and forward-thinking.

Myerson’s CEO, Carl Newton, who joined the firm in 1995 and has witnessed its continuous growth, comments:

"We’ve always been bold and entrepreneurial. Becoming the first 100% employee-owned law firm in Manchester marks an exciting milestone for Myerson and for me personally, it's a very proud moment.

Becoming an Employee-Owned Business allows us to give every single employee a stake in our firm’s financial success; it empowers our people, attracts top talent, and reinforces our people-centric culture. In a market where we see numerous mergers & acquisitions by private equity houses and large national law firms, I am delighted that Myerson is making a strong statement, championing stability and independence."

Employee Ownership Trusts (EOTs) have seen remarkable growth in the UK since their introduction in 2014.

The EOT model was designed to promote employee ownership by providing a tax-efficient mechanism for business owners to transfer ownership to their employees.

This policy intervention has generated a significant increase in the number of employee-owned businesses.

As of October 2023, the UK proudly boasts a thriving sector of over 1,650 employee-owned businesses, reflecting a strong movement towards inclusive and sustainable business practices.

However, the legal sector has been a late adopter: out of the 9,500 solicitors' firms in the UK, only about 20 are employee-owned.

The legal work has been internally led by Corporate Partners Terry Moore and Akeel Latif. Terry Moore is an expert in the field of Employee Ownership Trusts, having acted for many clients, including other law firms.

Find out more about Myerson’s expertise in advising employee-owned businesses.

Learn more about what it means for Myerson to be a 100% Employee-Owned firm.