News

London law firm hands ownership to employees in UK first

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Hodge Jones & Allen adopts John Lewis-style structure

Hodge Jones & Allen (HJA) has become the first law firm in the UK to be owned entirely by its employees after its equity partners agreed to sell the outfit to an employee ownership trust (EOT).

The ownership structure, which is similar to that adopted by retail giant John Lewis, sees all 230 or so of the London-based outfit’s employees become beneficiaries of the trust and potentially receive a slice of its profits. Going forward, it is understood HJA’s majority owner and senior partner, Patrick Allen, will take a less active role.

The firm, which specialises in civil liberties, has an annual turnover of £17 million and has been involved in many high-profile cases. These include the Stephen Lawrence case (the firm represented Neville Lawrence, the murdered teenager’s father), the King’s Cross fire and more recently the Grenfell Tower disaster. The outfit takes on around eight trainees each year.

Allen, who will act as trustee, said: “Becoming employee owned reflects the people-first entrepreneurial spirit that has been the backbone of HJA since 1977. It provides continuity for our partners and staff, and therefore our clients. It is the perfect model for a firm like ours.”

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The firm’s founder continued:

“I wanted to ensure that the firm could continue to grow in the same way as I intended when I founded it over 40 years ago. We have a fantastic team and we help people who may not always be able to access advice and redress. I see this as a way in which my vision can go forward and thrive into the future.”

News of HJA’s ownership shake-up follows a number of law firms going public. Regional player Knights floated on the AIM submarket of the London Stock Exchange (LSE) earlier this summer, following similar moves by Gordon Dadds and Keystone Law. Meanwhile, global giant DWF is rumoured to be the latest firm considering flotation on the LSE — a move (if given the go ahead) which could raise up to £1 billion.

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43 Comments

Anonymous

Top outfit.

Anonymous

Must have been the most tax effective way for Patrick Allen to cash-out, I guess?

Anonymous

That headline is a bit of a word salad. Do you mean they handed the UK employees ownership prior to doing so elsewhere?

Anonymous

NQ rates at this shop? Might be worth an application.

Anonymous

£25,000

Anonymous

Money isn’t everything..

Squires NQ

When you play in the big leagues like me it is.

CC - Trainee

‘Squires’, ‘big leagues’….. Have a day off

Pool time calling

LMAOOOOO, coming from a CC trainee

SPBSlave

When I’m toiling in the mines for 16 hours a day 6 days a week – yes, the big leagues.

SPBslave

So much sweat dripping in my eyes i cant see somebdy help plz

JD Trainee

Be thankful it’s only sweat that’s dripping in your eyes….

truth

Bet they don’t have the CAPACITY of a TIER 1 corporate TITAN like Greenberg Glusker

Anonymous

oh my god nobody cares for your inane drivel please donate your computer to someone who can actually make good use of it

Anonymous

LMAO what’s a Greenberg Glusker. On a related note, is it worth me applying to Nutter McClennen & Fish LLP? What are the NQ rates there and are they any good for real estate law?

Anonymous

Still waiting for info on Shook Hardy & Bacon… Are they a top firm?

Anonymous

Yes, they are a decent white shoe firm. Next.

Anonymous

Lmao an obscure shop from Kansas City a white shoe firm? You high?

Anonymous

LOL they are more elite than Gluskers.

Anonymous

LMAO you definitely high

Anonymous

What are the NQ rates at this shop’s London office?

Anonymous

£3.8m

Anonymous

Overkilling a gag that wasn’t funny in the first place.

Anonymous

Hear hear

Anonymous

Yes because asking about opportunities at top US shops many law students aspire to join is a gag. Right. Next.

Anonymous

They don’t offer TCs you fuck

Anonymous

Hear hear

Anonymous

Yes they do. You clearly know nothing about law firms. Probably work at some random shop outside of London trying to pretend you knows about firms here.

Anonymous

A John Lewis idea applied to a company that can only dream of sharing their reputation.

Anonymous

Anonymous

Great choice of survey choice. Plus the customer size between the 2 companies must differ by about 10 million.

Anonymous

The people’s flag is deepest red

Anonymous

Though cowards flinch and traitors sneer,
I’m going to open a firm in London 3 that insists on charging at London 1 because socialism is fine and everything, but what I really want to do is bill as hard and as heavily as I possibly can.

Anon

It appears legal cheek journalists have never heard of Stephens Scown…

Exeter powerhouse

…along with most of the country.

Anonymous

I’m against them in a case and thoroughly smashing them. Got about £10k against them in costs after barely raising an eyebrow.

STALLONE

Cool story brah, changed my loyfe.

Anonymous

Moving out of the childhood bedroom in your parents houses would really change your life.

Anonymous

Or joining a proper firm like Schulte

Anonymous

LMAO, like people here can get into that shop.

Anonymous

Coming here just for the comments 😂

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