Feb 28, 2025
Employee ownership structures could become
increasingly common in the Australian market, and – in an age of
rapid market change and shifting employee sentiment – it could well
be an option that firm owners opt for to ensure long-term business
success.
In this episode of The Boutique Lawyer Show, host Jerome Dorsisamy
speaks with South East Lawyers director principal Melanie Heffernan
about what an employee ownership structure is and looks like in
practice, whether such structures are common (or becoming common)
in Australia, the differences to share agreements, and whether
these structures are suitable for SMEs in the current climate.
Heffernan also delves into the benefits that can arise from
employee ownership structures, the inherent challenges, whether
there is appetite from lawyers and law firms to explore such
options, the questions to ask of one’s business when implementing
such a structure and the practical steps to doing so, whether such
structures can and will become mainstream Down Under, and what
excites her about the potential future of the business model moving
forward.
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If you have any questions about what you heard today, any topics of interest you have in mind, or if you'd like to lend your voice to the show, email editor@lawyersweekly.com.au for more insights!