Looks like Mishcon de Reya might be going down that route. Where MdeR go do others follow? I wonder. I assume there must be a way of the existing Partners extracting not only their capital but some level of growth on that capital. I wonder if they'll appoint http://postlethwaiteco.com/ to take care of all the legals for them?
Mishcon de Reya could move to a John Lewis-style ownership model that would see even the cleaning and reception staff own a stake in the business, according to plans mooted by managing partner Kevin Gold.