Montresor Legal Transitions to Employee Ownership through Employee Ownership Trust

London, 29th October 2024 – Montresor Legal, a leading London based legal recruitment firm, is proud to announce its transition to employee ownership through the establishment of an Employee Ownership Trust (“EOT”).

Shareholders have sold 100% of the company shares to Montresor Employee Trustee Limited (“The EOT”). The EOT holds the shares on behalf of current Montresor Legal employees. All employees will benefit from share ownership as beneficiaries of the EOT. The sale was completed on 29th October 2024, with existing management remaining within the business.

This decision is set to enhance the firm’s commitment to its employees and clients, introducing a unique profit-sharing model that sets it apart from recent deals in the sector.

In a ground-breaking approach, Montresor Legal will distribute 50% of on-budget profits to staff starting from year one. This innovative structure not only empowers employees as stakeholders but also ensures they directly benefit from the firm’s success from the outset, rather than after a number of years, once selling shareholders have been fully repaid the cost of their shares.

“Transitioning to an Employee Ownership Trust is a significant milestone for Montresor,” said Tom Balmer, founder of Montresor Legal. “Legal Recruitment firms succeed or fail based on the quality of their people.  The structure of this deal, in particular adopting the profit-sharing model from the outset, recognises the efforts of our staff, and positions the firm as an employer of choice within the sector.”

“Employee ownership aligns perfectly with the firm’s core values” added Roger Barron, chair of the newly formed EOT Board. “We are delighted to offer our staff a direct financial stake in the firm from day one. This unique model not only differentiates us from other recent EOT deals but also reinforces our dedication to our team and the high-quality service we provide to our candidates and clients.”

For more information about Montresor Legal and its innovative transition to employee ownership, please contact:

Josh Jordan, Finance & Operations Director
Montresor Legal
joshua.jordan@montresorlegal.com / +44 7593 572780
www.montresorlegal.com

About Montresor Legal

Montresor Legal is a leading legal recruitment firm in London, specialising in connecting top legal talent with top law firms and in-house legal teams. With a team of experienced consultants, the firm is dedicated to delivering exceptional recruitment solutions and achieving the best outcomes for its clients and candidates.

Note to Editors: For additional information or to schedule an interview, please contact Josh Jordan at joshua.jordan@montresorlegal.com or +44 7593 572780.