Governance in employee-owned law firms

This practical webinar provides a clear, technical overview of how law firms can successfully transition to and operate under an Employee Ownership Trust (EOT) structure. Designed for partners, directors, and legal advisers, it explores the key governance, regulatory, and tax requirements that underpin a compliant and effective employee-owned law firm.

Aimed at law firm partners and owners considering succession options, firms already transitioning to employee ownership, and the legal and financial advisers supporting EOT transactions, the session equips attendees with a thorough understanding of the technical and governance framework needed to establish and maintain a compliant EOT structure within a regulated legal practice.

Topics covered include:

• How EOT structures work in a legal practice environment
• Navigating Solicitors Regulation Authority (SRA) rules on ownership, control, and management
• The core legal requirements for a qualifying EOT, including:
  • Controlling interest
  • All-employee benefit principles
• Trustee roles, independence, and governance best practice
• The interaction between trustees, the board, and employees
• Common structuring pitfalls and regulatory risks
• Practical insights into implementation and ongoing compliance