Law firm Guest Walker has become an Employee Ownership Trust (EOT).
Set up in 1981, the firm has been working in York for more than forty years. The EOT is the start of a new era for the business, which builds on the dedication of staff whilst looking to support their future.
An EOT means the firm is now run for the benefit of its employees, who will share financially in the success of the company.
The new Guest Walker Trust now owns the company on behalf of the staff and will work with them on its future direction. The business’s directors hope the benefit of staff having more of a stake and shared sense of responsibility in the firm will lead to increased employee engagement and commitment to the firm’s flourishing.
In a statement Guest Walker said: “Our ethos has always been to create a workplace where everyone feels valued, so forming an EOT was a natural development for the firm. Every employee has a voice in the company and builds on the development of our Guest Walker family.”
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