Administrators agree sale of McClure Naismith’s work in progress

JOINT ADMINISTRATORS from FRP Advisory have agreed deals with a number of law firms for the sale of the work in progress of commercial law firm McClure Naismith.

Tom MacLennan and Iain Fraser, partners with FRP, agreed a series of sales with Harper MacLeod, MacLay Murray & Spens, Burness Paul, Morton Fraser and HBJ Gateley, saving 80 jobs.

In addition to the 15 partners and 40 staff have been offered employment as part of the sale process, a further seven partners are in advanced discussions with additional firms for their and their staff’s moves. Four current and future trainees have also been offered contracts.

The joint administrators are retaining 14 McClure Naismith staff and expect a total of 80 partners and staff imminently moving to other firms. McClure Naismith’s remaining 42 partners and staff have been made redundant.

Founded in 1826 McClure Naismith had offices in Glasgow, Edinburgh and London, and employed 26 partners and 109 staff.

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