Scottish law firm acquisition leaves 50 posts at risk

The acquisition at the start of this month of Tods Murray by Shepherd & Wedderburn means that nearly a third, 50 out of 160, of the Tods Murray personnel are unsure about their jobs.

A Scottish law firm has gone into administration astudio

Of the 160, there are 18 who are joining Shepherd & Wedderburn as partners, another five joining as directors and seven joining as consultants. But the remaining employees have been notified that a 45-day redundancy selection process is starting this week. At the moment, the joint firm has a total headcount of 564 including 82 partners. Tods Murray went into administration and was bought out by the larger firm.

Administration

Lorna Jack, chief executive of the Law Society of Scotland said: ‘We are very sad to hear that Tods Murray has gone into administration. It represents the loss of a long established and very highly regarded Scottish law firm….Law firms were hit hard by the recession which, combined with the ongoing, significant changes within the legal services sector, is continuing to have an impact.’ Source: Daily Record

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