Fieldfisher advised BBP on the transaction
orward-thinking architect BB Partnership Limited (“BBP”) has celebrated its 25th birthday by moving to 100 per cent employee ownership, predicting that most UK practices will one day be owned this way.
The trustee of the BB Partnership Employee Ownership Trust has purchased every BBP share from the founders and directors, all of whom will remain active in the firm but with all staff now benefitting from the company’s success.
This model underpins the long-term stability of the practice and strengthens existing teamwork, generating promotion based on merit rather than a willingness to invest.
Founded in 1991, BBP specialises in mid to high-end residential projects, incorporating new-build, conversion/refurbishment and extension/alteration projects both as one-off schemes for private end users and as speculative developments for commercial clients.
International law firm Fieldfisher advised BBP. Fieldfisher’s team was led by employee ownership experts Graeme Nuttall OBE (Picture), partner and Neil Palmer, partner. The team also included senior associate Jennifer Martin and associate Janice Houghton.
Law Firms: Fieldfisher;
Clients: BB Partnership ;