The South-west firm which adopted a John Lewis-style shared-ownership model last year has more than doubled its employee bonus.

Stephens Scown LLP will give staff an annual bonus of £3,000 this year, up from an average payout of £1,300 in 2015.

The firm adopted a shared-ownership model last year, which means that the bonus will be given for everyone working at the firm, regardless of grade.

Stephens Scown posted an 18% rise in revenue to £17.83m in the financial year 2015/16.

Robert Camp (pictured), managing partner, said: ‘We have had a very strong year, growing the business through a constant focus on client service and hard work. 

‘We are one team, and now we have one staff bonus scheme to match. I believe it’s the right thing to do and also that it will motivate and inspire everyone in the firm to keep performing at the highest level so as to drive up the rewards in the future too. It’s a win-win for us all.’

Under the scheme, profits over a minimum threshold go into a pool, half of which is shared out equally among all participating staff members. The other half is retained by the firm.

Sam Paley, marketing manager in the firm’s Truro office, said: ‘That everyone in the firm gets the same amount, regardless of role, department or position, is really reflective of the value the firm places in every person and how we see ourselves as a team and "in it together".’