Nottinghamshire firm adopts employee ownership model while maintaining independence
Fidler & Pepper Lawyers has transitioned to an Employee Ownership Trust (EOT), becoming the first law firm regulated by the Council for Licensed Conveyancers to adopt the model.
The move, announced on 14 April 2026, marks a structural change in ownership while maintaining the firm’s existing operations. Under the EOT structure, ownership is held on behalf of employees through a trust, enabling staff to have a direct stake in the business.
The firm stated that the transition is designed to support long-term stability, independence, and continuity. It also confirmed that client services and day-to-day operations will remain unchanged, with the same teams continuing to deliver legal advice.
Founded in 1888, Fidler & Pepper has developed into a regional firm with around 170 colleagues across four offices in North Nottinghamshire. It provides a range of legal services, including conveyancing, wills and trusts, probate, remortgage, and lasting powers of attorney.
The firm indicated that the decision reflects a focus on preserving its internal culture and values while ensuring future sustainability. It also emphasised that the new ownership structure removes external ownership pressures, including the possibility of a sale or merger, and is intended to safeguard the firm’s independence.
According to the firm, the EOT model strengthens continuity for clients by retaining the same personnel and service standards. It also aligns employee incentives with the long-term performance of the business.
Matt Slade, chief executive of the firm, said the transition demonstrates a long-term commitment to both employees and clients. He noted that the structure allows staff to share in the success of the business while supporting its independence and values.
Mark Slade, chairman, chief technology officer, and director, stated that the move helps protect the firm’s legacy and ensures that those who contributed to its development remain central to its future.
The firm described the transition as a continuation of its established approach rather than a departure from it. It reiterated that its focus remains on delivering consistent legal services and maintaining relationships with clients and local communities.
Fidler & Pepper also confirmed that its long-term strategy will continue to prioritise growth while retaining its independent structure. The firm indicated that the EOT model provides a framework to support this objective while preserving its existing culture.
The announcement positions the firm as the first within the CLC-regulated sector to adopt employee ownership, highlighting a potential shift in ownership models within parts of the UK legal market.