November 24, 2023 | New York Law Journal
The Employees' Securities Company: An Employee Retention VehicleIn recent years, a number of professional service firms (including law firms and consulting firms) have established employees' securities companies, or "ESCs" which can provide their employees with benefits intended to compete with those offered by certain other industries, such as investment banking and financial services. This article describes in summary the process of establishing an ESC, the eligibility criteria for an ESC and the types of investments in which ESCs may participate. It also discusses recent trends in the ESC process.
By David A. Form, Oren Gertner and Ellie S. Cohen
12 minute read