Law firm launches all employee sharesave scheme
Law firm Gateley, which has offices in Leicester and Nottingham, has launched an all employee sharesave scheme.
CEO Michael Ward said: “Part of our rationale for becoming a PLC was to give us a greater range of options to attract and incentivise talented people. In other firms, having an equity stake in the business is an opportunity open only to a small number of partners. At Gateley, it is open to all employees.
“When we floated, we gave our employees shares. This new scheme allows all staff to save and acquire shares. I am really pleased by the numbers choosing to join the scheme. It is a huge sign of their confidence and commitment to the business, which continues to perform well.”
In 2015, Gateley became the first UK law firm to float on the Alternative Investment Market (AIM) of the London Stock Exchange.
Earlier in the year, Gateley completed its first acquisition, buying tax incentives advisory business Gateley Capitus for £2.72m.
This was followed up in September by Gateley’s second acquisition, buying Birmingham-based specialist property consultancy Hamer Associates in a £2.05m deal.
In its first year as a PLC, Gateley’s revenues increased 10.2% to £67.1m, with profit before tax up 12.2% to £11m.
