Fieldfisher has advised Team Consulting, the medical device design and development consultancy, on the transfer of control of the company to a new Employee Ownership Trust (EOT).
Team Consulting – or Team – was bought out by staff in 2014, but the transfer to an EOT broadens ownership to all staff and ensures the employee ownership model is sustainable in the long term. The model encourages staff engagement, rewards teamwork and sees all employees become beneficiaries of the trust and stakeholders in the business. The model is sustainable, benefiting not just Team’s staff but also its clients.
The Fieldfisher team was led by partner Graeme Nuttall (Picture) OBE, who was supported by Janice Houghton.
Law Firms: Fieldfisher;
Clients: Team Consulting Ltd;