Insurance sector law firm Fenchurch Law has announced that 60% of its shares will now be owned by employees, through its newly formed employee ownership trust. Employees will also have the opportunity to put themselves forward to join the firm’s management team.

David Pryce, managing partner at Fenchurch Law, said: “This is the natural next step for Fenchurch Law, as we have always wanted to create a real feeling that everyone is in it together. Becoming employee-owned cements our progressive and unique values. It gets rid of the ‘us’ and ‘them’ mentality and enables every member of the firm to share rewards and responsibilities.”