David Form, Ellie Cohen, and Oren Gertner. Courtesy Photos The Employees' Securities Company: An Employee Retention Vehicle
In 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.
November 24, 2023 at 10:00 AM
12 minute read
Over the past 40 years, investment banks, financial institutions and professional services firms have used employees' securities companies (ESCs) as a means of allowing senior employees of the employer (the "applicant") to participate in certain investment opportunities.
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