Wed, 02 Sep 2015 | ADMINISTRATION
A legal firm in Scotland has entered administration following financial difficulties.
McClure Naismith appointed administrators Thomas Campbell MacLennan and Alexander Ian Fraser from FRP Advisory at the end of last week (Friday 28 August).
They will take on the handling of the business, property and affairs of McClure Naismith while negotiating with other firms around the company's teams and clients.
A number of the firm's partners are already being snapped up by other established legal firms, while Morton Fraser is also thought to be interested in certain parts of the business.
Chairman Robin Shannan has said in the past that the business was interested in a possible merger.
He said at the time: “The legal market is consolidating with the emergence of large, UK-wide multi-disciplinary firms and smaller, specialist practices.
“We have very good lawyers and support staff providing excellent services to a wide range of clients but we are finding that medium-sized, independent firms such as ours lack the scale needed to compete.”
McClure Naismith is one of the oldest law firms in Scotland. It was founded as a Glasgow-based practice in 1826, before going on to open its first Edinburgh branch in 1979. A third branch was opened in London in 1991.
View other companies in administration.
The wholesale business has an established trading history and has built up a strong reputation and a loyal customer base. Business is drawn from a wide demographic of clients with a good spread across different business sectors.
This is a unique opportunity to acquire a company specialising in luxury performance cycle clothing, utilising the finest specialist fabrics and cutting-edge construction techniques.
A leading internet-based provider of customisable and curated beauty box services. Over the last decade, the business has evolved from a premier subscription service to a leading internet-based provider of highly attractive and rapidly expanding beau...
WEB-BASED
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.