Employee-owned law firm, Stephens Scown LLP, has credited focus on strategic goals, investment in technology, new talent and an engaged and supportive employee-owner workforce as the key reasons behind a 6% year-on-year increase in turnover in its 2020/2021 accounts.
Managing partner, Richard Baker, said: “I am extremely proud of our people. Not only have they consistently gone above and beyond to maintain high levels of service for our clients, they have also supported each other through another challenging year. To do this and still see growth is testament to the efforts of all our employee owners.”
The firm’s employee-ownership scheme, implemented in 2016, continues to be a success in terms of employee retention and recruitment, with in excess of £830k being distributed to eligible employees last year.
Having responded positively to the economic conditions, Stephens Scown continues to focus on its strategic vision for the year ahead, having transitioned to a “one firm agenda”, targeting sustainable growth, client service and employee experience.
“Continued investments in the development of talent across the firm and investment in IT has supported the delivery of our strategic goals and delivered excellent results,” Baker added.
“The firm is in a solid financial position and will continue to strive to attract new talent across all areas and at all levels.”
