Myerson Helps Home Legal Direct ‘Move’ To Employee Ownership

For Immediate Release

22^nd October 2024 – Myerson Solicitors, a Top UK 200 law firm based in Altrincham, Cheshire, has announced the successful transition of its client, Home Legal Direct, to employee-ownership.

Home Legal Direct, headquartered in Southend-on-Sea, Essex, maintains a network of conveyancing firms to bring clients competitive rates, with a safety net against costly surprises. Providing upfront quotes based on flat rates and not hourly charges, Home Legal Direct takes the stress out of selecting and instructing a conveyancer. Since its establishment in 2017 by two industry experts, Peter Joseph and Oliver Meddick, the company has helped thousands of movers across England and Wales. Home Legal Direct is now majority-owned by an Employee Ownership Trust (EOT), which now holds the company’s share capital on behalf of the company’s employees (creating in-direct employee ownership), while the day-to-day management of the company remains unchanged.

Oliver Meddick, co-founder and Chief Operations Officer of Home Legal Direct, comments: “Becoming employee-owned not only empowers our people and secures our future but also strengthens our commitment to providing excellent service to our clients. After exploring several succession planning options, we found that the EOT model was the best way forward, offering attractive benefits for both us as selling shareholders and our employees. We are very grateful for the expertise and guidance provided by Terry Moore, Simon Nolan, and the rest of the Myerson team.”

Terry Moore, Partner in the Corporate Team at Myerson adds: “We are thrilled to have assisted Home Legal Direct in their conversion to employee ownership. This decision not only secures the long-term growth, values, and autonomy of the business but also reinforces their commitment to a supportive and inclusive workplace culture by placing ownership in the hands of an Employee Ownership Trust for the benefit of all employees.”

Employee Ownership Trusts (EOTs) were established under the Finance Act 2014 to promote employee ownership as a viable business model in the UK by offering a range of beneficial tax reliefs. There are now over 1,800 employee-owned businesses in the UK, and this number is growing rapidly, with employee-owned businesses experiencing a remarkable 30% growth last year. Myerson’s corporate and employment lawyers have extensive experience advising clients of all sizes across various sectors on the establishment and implementation of EOTs. The firm itself successfully transitioned to 100% employee ownership in September 2024.

For more information about Myerson’s EOT services, visit : https://www.myerson.co.uk/business/corporate/employee-ownership-trusts

Note to Editors – About Myerson Solicitors

Founded in 1982 in Altrincham, Cheshire, Myerson Solicitors is a Top 200 UK and ‘Top Tier’ Legal 500-rated law firm. It provides expert commercial and private legal services to businesses and individuals nationwide and beyond. With a dedicated team of over 150 employees including 25 partners, Myerson has consistently demonstrated its commitment to excellence in the legal field.

Notably, Myerson has received recognition from The Times as one of the “Top 200 Best Law Firms” in 2019, 2021, and 2023. This distinction reflects its consistent dedication to delivering top-quality legal advice to clients across a wide spectrum of business and personal services and sectors.

Furthermore, Myerson takes pride in its status as a “Best Companies World Class Employer 2023,” reaffirming its commitment to fostering a positive and supportive workplace environment for its employees.

In September 2024, Myerson Solicitors became the first law firm in Manchester to convert from an LLP to a 100% employee-owned business. Myerson Solicitors operates through Myerson Limited (company number 15557117; SRA ID – 8007783), which is wholly owned by an Employee Ownership Trust (EOT), established for the benefit of all its employees.

For more information about Myerson Solicitors and its outstanding legal services, please visit its website at www.myerson.co.uk

Thank you for considering this information for your publication. If you require any additional details or have further enquiries, please do not hesitate to reach out to us: distmarketing@myerson.co.uk

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