Grimsby headquartered law firm Wilkin Chapman is paying every one of its employees £1,000 extra to help overcome the “unprecedented” cost of living crisis.
The leading regional legal operator said the bonus – on top of pay reviews and performance incentives – is in recognition of the challenging external factors, particularly felt through fuel and energy costs.
With more than 350 staff to receive the cash, it represents an outlay of more than £350,000.
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Chief executive Robin Simmonds said: “It’s been a challenging few years, and now with the burden of increased cost of living, we’re making this payment to help our people combat rising prices.
“This payment reflects our concern for the challenges being faced by everyone in our business and although this will not mitigate the national economic climate, we hope it will go some way towards helping our Wilkin Chapman family in the months ahead.”
Inflation is currently at 9 per cent, with expectations it could hit 11 per cent in the coming months.
Mr Simmonds, who joined the £24 million turnover firm from global law firm Baker Mckenzie last September, said staff were facing an “unprecedented increase in the cost of living”.
The Cartergate-based firm has also introduced agile working practices in the wake of the pandemic, allowing many employees to work remotely – saving money on transport and other expenses.
It has also brought together what it describes as an extensive employee assistance programme, which includes a range of wellbeing initiatives, a comprehensive healthcare scheme, and other benefits including alternative therapy treatments and a rewards scheme providing discounts on goods, services, and groceries.
The law firm sits just outside the top 100 in the UK, with further offices in Lincoln, Beverley, Louth and Horncastle.
