Business of Law
Slater & Gordon offers law firm stock-purchase plan for UK workers
Posted Jul 11, 2014 10:15 AM CDT
By Martha Neil
Publicly held law firm Slater & Gordon has announced a plan to encourage its workers in its United Kingdom offices to purchase stock in their employer's company.
Assuming the plan is approved by shareholders at an upcoming meeting, the law firm will match share purchases by attorneys and staff at the law firm's 18 offices in England and Wales, up to a limit of 375 pounds, the Law Society Gazette reports. It will also offer stock options as incentives to some employees.
Once thought of as Australian personal-injury firm, Slater & Gordon made headlines in 2007 by becoming the world's first law firm to sell shares to the public and has been growing exponentially ever since.
With the help of money raised by selling shares, it has acquired law firms in Australia and the U.K., and by last year had announced a plan to become "a dominant law firm brand in consumer legal services in the U.K."
As of next year, the law will have its largest office—with some 700 employees—in Manchester, an earlier Law Society Gazette article reported.
ABAJournal.com: "Australia’s Slater & Gordon Snaps Up UK Personal Injury Firm, Russell Jones & Walker, for $84M"