PROMOTIONOne teamof Exeter'semployee owned businesseInsideoneWith the number of employee-owned businesses on the increase Josie Hingston, assistant officemanager at Exeter-based law fim Stephens Scown LLP explains what being a pioneer ofemployee ownership in the legal sector has meant for the firm-and for her personally, as one of the firm's employee ownership trusteesfollow Stephens Scown's lead.Employee ownership puts thefirm's people at the heart of itsbasiness and all eligible employeeowners enjoy an equal share ofthe firm's profits on a pro-ratabasis. "Being an employee isfter years of imvestigation,planning and preparation,Siephens Scown introducedto employee ownership? "Ilikedthe fact that we were being braveand trying something new. It alsofelt good to know that our Boardunderstood that providing thebest service to our dients relied oneveryone who works here feelingits employee ownership scheme,known as 'Scownership, threeyears ago, breaking free of the-traditional structures seen acrossquite a passive thing-being anemployee owner, means you havea direct stake in the success of thethe legal sector.Itwas not a straightforward task.As well as engaging and enthusingits own people, the ground-beeaking initiative needed approvalfrom the Solicitors RegulationAuthority (SRA)More than 300 businesses inthe UK are now employee ownedemploying more than 200,000people between them. The sectorhas seen 60% of its growth in thethat their contribution mattered"Asa Trustee Josie acts as a linkbetween her colleagues andStephens Scown's Board and attendsHeads of Office meetings, along withher fellow Trustees. Her favouritepart of being a Trustee is the impactshe can have on the businessbusiness," says Josie Hingston,assistant office manager in Exeterand one of the firm's employeeownership trusteesIwanted to become a trusteesso that I could represent non legalteams and to show how everyoneacross the firm-both lawyers andenjoy geting involved withprojects which aim to enhance ouremployee ownership culture. It isalso great to meet with newpeople in business support roles-can get involved in our employeeownership scheme. No matter whatrole someone has, we're all part ofthe same team and have a part tojoiners to the firm in our inductionsAnd the best part about workingfor an employee-owned firm? "Ithelps remind me that we work withpeople that truly care about ouropinions. Employee ownershipmeans more than the profit shareand shows that Stephens Scown ispast seven years and continues togrow at more than 10 % a year. Theemployee owned sector contributesbetween E30bn and £40bn to the tUKplay in the firm's success, she says.John Lewis is the most famousexample of an employee ownedbusiness. How did Josie feel abouther employer taking inspirationfrom them and making the moveA BOLD MOVEStephens Scown's bold movecaused the legal sector across theUK to sit up and take note, withother law firms now beginning toinvesting in everyone who workshere as an individual.Jose Hingston is Stephens Scown's assistant office manager in Exeter and a trustee of its employee ownership scheme.01392 210700 solicitors@stephens-scown.co.uk www.stephens-scown.co.uk PROMOTION One team of Exeter's employee owned businesse Inside one With the number of employee-owned businesses on the increase Josie Hingston, assistant office manager at Exeter-based law fim Stephens Scown LLP explains what being a pioneer of employee ownership in the legal sector has meant for the firm- and for her personally, as one of the firm's employee ownership trustees follow Stephens Scown's lead. Employee ownership puts the firm's people at the heart of its basiness and all eligible employee owners enjoy an equal share of the firm's profits on a pro-rata basis. "Being an employee is fter years of imvestigation, planning and preparation, Siephens Scown introduced to employee ownership? "Iliked the fact that we were being brave and trying something new. It also felt good to know that our Board understood that providing the best service to our dients relied on everyone who works here feeling its employee ownership scheme, known as 'Scownership, three years ago, breaking free of the- traditional structures seen across quite a passive thing-being an employee owner, means you have a direct stake in the success of the the legal sector. Itwas not a straightforward task. As well as engaging and enthusing its own people, the ground- beeaking initiative needed approval from the Solicitors Regulation Authority (SRA) More than 300 businesses in the UK are now employee owned employing more than 200,000 people between them. The sector has seen 60% of its growth in the that their contribution mattered" Asa Trustee Josie acts as a link between her colleagues and Stephens Scown's Board and attends Heads of Office meetings, along with her fellow Trustees. Her favourite part of being a Trustee is the impact she can have on the business business," says Josie Hingston, assistant office manager in Exeter and one of the firm's employee ownership trustees Iwanted to become a trustees so that I could represent non legal teams and to show how everyone across the firm-both lawyers and enjoy geting involved with projects which aim to enhance our employee ownership culture. It is also great to meet with new people in business support roles- can get involved in our employee ownership scheme. No matter what role someone has, we're all part of the same team and have a part to joiners to the firm in our inductions And the best part about working for an employee-owned firm? "It helps remind me that we work with people that truly care about our opinions. Employee ownership means more than the profit share and shows that Stephens Scown is past seven years and continues to grow at more than 10 % a year. The employee owned sector contributes between E30bn and £40bn to the tUK play in the firm's success, she says. John Lewis is the most famous example of an employee owned business. How did Josie feel about her employer taking inspiration from them and making the move A BOLD MOVE Stephens Scown's bold move caused the legal sector across the UK to sit up and take note, with other law firms now beginning to investing in everyone who works here as an individual. Jose Hingston is Stephens Scown's assistant office manager in Exeter and a trustee of its employee ownership scheme. 01392 210700 solicitors@stephens-scown.co.uk www.stephens-scown.co.uk

Date: 30 June 2019

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PROMOTION One team of Exeter's employee owned businesse Inside one With the number of employee-owned businesses on the increase Josie Hingston, assistant office manager at Exeter-based law fim Stephens Scown LLP explains what being a pioneer of employee ownership in the legal sector has meant for the firm- and for her personally, as one of the firm's employee ownership trustees follow Stephens Scown's lead. Employee ownership puts the firm's people at the heart of its basiness and all eligible employee owners enjoy an equal share of the firm's profits on a pro-rata basis. "Being an employee is fter years of imvestigation, planning and preparation, Siephens Scown introduced to employee ownership? "Iliked the fact that we were being brave and trying something new. It also felt good to know that our Board understood that providing the best service to our dients relied on everyone who works here feeling its employee ownership scheme, known as 'Scownership, three years ago, breaking free of the- traditional structures seen across quite a passive thing-being an employee owner, means you have a direct stake in the success of the the legal sector. Itwas not a straightforward task. As well as engaging and enthusing its own people, the ground- beeaking initiative needed approval from the Solicitors Regulation Authority (SRA) More than 300 businesses in the UK are now employee owned employing more than 200,000 people between them. The sector has seen 60% of its growth in the that their contribution mattered" Asa Trustee Josie acts as a link between her colleagues and Stephens Scown's Board and attends Heads of Office meetings, along with her fellow Trustees. Her favourite part of being a Trustee is the impact she can have on the business business," says Josie Hingston, assistant office manager in Exeter and one of the firm's employee ownership trustees Iwanted to become a trustees so that I could represent non legal teams and to show how everyone across the firm-both lawyers and enjoy geting involved with projects which aim to enhance our employee ownership culture. It is also great to meet with new people in business support roles- can get involved in our employee ownership scheme. No matter what role someone has, we're all part of the same team and have a part to joiners to the firm in our inductions And the best part about working for an employee-owned firm? "It helps remind me that we work with people that truly care about our opinions. Employee ownership means more than the profit share and shows that Stephens Scown is past seven years and continues to grow at more than 10 % a year. The employee owned sector contributes between E30bn and £40bn to the tUK play in the firm's success, she says. John Lewis is the most famous example of an employee owned business. How did Josie feel about her employer taking inspiration from them and making the move A BOLD MOVE Stephens Scown's bold move caused the legal sector across the UK to sit up and take note, with other law firms now beginning to investing in everyone who works here as an individual. Jose Hingston is Stephens Scown's assistant office manager in Exeter and a trustee of its employee ownership scheme. 01392 210700 solicitors@stephens-scown.co.uk www.stephens-scown.co.uk PROMOTION One team of Exeter's employee owned businesse Inside one With the number of employee-owned businesses on the increase Josie Hingston, assistant office manager at Exeter-based law fim Stephens Scown LLP explains what being a pioneer of employee ownership in the legal sector has meant for the firm- and for her personally, as one of the firm's employee ownership trustees follow Stephens Scown's lead. Employee ownership puts the firm's people at the heart of its basiness and all eligible employee owners enjoy an equal share of the firm's profits on a pro-rata basis. "Being an employee is fter years of imvestigation, planning and preparation, Siephens Scown introduced to employee ownership? "Iliked the fact that we were being brave and trying something new. It also felt good to know that our Board understood that providing the best service to our dients relied on everyone who works here feeling its employee ownership scheme, known as 'Scownership, three years ago, breaking free of the- traditional structures seen across quite a passive thing-being an employee owner, means you have a direct stake in the success of the the legal sector. Itwas not a straightforward task. As well as engaging and enthusing its own people, the ground- beeaking initiative needed approval from the Solicitors Regulation Authority (SRA) More than 300 businesses in the UK are now employee owned employing more than 200,000 people between them. The sector has seen 60% of its growth in the that their contribution mattered" Asa Trustee Josie acts as a link between her colleagues and Stephens Scown's Board and attends Heads of Office meetings, along with her fellow Trustees. Her favourite part of being a Trustee is the impact she can have on the business business," says Josie Hingston, assistant office manager in Exeter and one of the firm's employee ownership trustees Iwanted to become a trustees so that I could represent non legal teams and to show how everyone across the firm-both lawyers and enjoy geting involved with projects which aim to enhance our employee ownership culture. It is also great to meet with new people in business support roles- can get involved in our employee ownership scheme. No matter what role someone has, we're all part of the same team and have a part to joiners to the firm in our inductions And the best part about working for an employee-owned firm? "It helps remind me that we work with people that truly care about our opinions. Employee ownership means more than the profit share and shows that Stephens Scown is past seven years and continues to grow at more than 10 % a year. The employee owned sector contributes between E30bn and £40bn to the tUK play in the firm's success, she says. John Lewis is the most famous example of an employee owned business. How did Josie feel about her employer taking inspiration from them and making the move A BOLD MOVE Stephens Scown's bold move caused the legal sector across the UK to sit up and take note, with other law firms now beginning to investing in everyone who works here as an individual. Jose Hingston is Stephens Scown's assistant office manager in Exeter and a trustee of its employee ownership scheme. 01392 210700 solicitors@stephens-scown.co.uk www.stephens-scown.co.uk

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