York-based law firm Guest Walker has announced the transfer of its business to an Employee Ownership Trust (EOT) as part of its long-term strategy to ensure the firm’s future independence.
Originally set up by John Guest in 1981, the firm is now led by John Walker, who became a partner in the business in 1984. It has since grown to a team of 31 people, based in their York city centre offices on Shambles.
The move to employee ownership marks a major milestone for the business. Whilst John Walker and his co- Directors Sean Gallagher and Louise Elliott remain firmly at the helm, a newly formed EOT board has been established, which involves employee representation and independent governance.
Speaking of the transition, director, Sean Gallagher said, “We are proud to announce that Guest Walker is now 100% employee owned. This reflects our ethos and values, which have been built very much around our employees, ensuring long-term security for the firm. The EOT will support the growth of Guest Walker by empowering and recognising staff input at all levels in the business. It also allows every employee to have a stake in our success financially, which we hope will continue to motivate staff and reward them for their ongoing contributions. We hope that for our clients, many of whom have been with us for a very long time, it brings reassurance that the future of Guest Walker is safeguarded and that our leadership will remain strong, maintaining our culture and excellent personal service.”
Emma Hartley, a longstanding legal executive with the firm and the employee representative on the new EOT board said, “The move to an employee-owned trust has been a hugely positive step and one that allows our ethos, values and the family feel that we are so proud of, to be secure for the future. Employees have always been encouraged to contribute ideas towards the business, and this takes it a step further to give them a stake in the company. I am delighted to be part of this exciting milestone in Guest Walker’s journey.”
Guest Walker specialises in all aspects of property, wills and probate.
Image provided by Guest Walker
