Legal Week newspaper reports that, although details have yet to be confirmed, staff may be able to buy shares or be given them for good performance. The scheme may require only minimal changes to the firm’s structure, with a small percentage of the firm’s profits potentially being set aside for staff.

Increasing engagement

A team led by chief executive Bryan Hughes and human resources director Angus MacGregor is expected to finalise the details by the end of December before a planned implementation in May.
Mr Hughes said: ‘We are looking at a range of ways of increasing engagement with our team and consideration of a new mechanism for firm-wide ownership forms part of these plans. The devil will be in the detail though and nothing as yet has been decided.’