Law firm Gateley has introduced a sharesave scheme for its employees.
The sharesave scheme forms part of the organisation’s growth strategy following its flotation on the Alternative Investment Market (AIM) of the London Stock Exchange in 2015.
The share scheme, which launched in September 2016, was communicated to staff at Gateley’s annual state of the firm address, where board members visit each of the organisation’s offices to discuss the previous 12 months and outline their vision for the future. Further information about the scheme and the sign-up process were also shared via email.
More than 44% of employees, excluding partners, have joined the scheme since its launch.
Michael Ward (pictured), chief executive officer at Gateley, said: “Part of our rationale for becoming a public limited company (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.”