London firm HJA overhauls ownership model
Hodge Jones & Allen (HJA), a firm based in London, has announced that the firm will change its ownership model to be fully employee-owned. The move will make it the first firm with such a model.
The overhaul was prompted by recent succession issues at the firm, including senior partner Patrick Allen’s planned retirement. According to managing partner Vidisha Josh, the firm considered several options before deciding on an employee ownership trust (EOT) model.
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