X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

McGrigor Donald looks to have stolen arch rival Dundas & Wilson’s position as Scotland’s largest law firm as the Glasgow-based firm released figures showing surging growth in the last financial year.Figures released today (13.06.01) show McGrigors’ fee income rising by 27% to hit £34.6m for the financial year to April.Such a rise, against year end results the previous year of £27.25m, would put the 58-partner firm ahead by of rival Dundas & Wilson by turnover.Though Dundas, whose financial year runs to August, has yet to confirm its figures, the firm is currently estimating it will achieve a 2000/2001 income of £34m.However, Dundas, whose English practice is provided through its relationship with Andersen Legal member Garretts, remains by far the largest firm in Scotland. Combined growth between both Andersen Legal practices is expected to exceed £65m this year.McGrigors claimed that the rate of its growth, which is in contrast to a slowing legal market in Scotland, is the result of expansion of its offices in London and Belfast, the latter of which was opened 12 months ago.McGrigors’ 14-partner London office has doubled its fee income in the past four years.In practice area, McGrigors cited the growth of its PFI practice, whose clients include Morrison Construction and City of Edinburgh Council, and its internet banking team, which was recently appointed as legal adviser to Bank of Scotland.McGrigors’ figures come as a number of leading Scottish firms have seen a slowdown in their organic growth, with the exception of Shepherd & Wedderburn, which is forecasting turnover growth of nearly 25%, taking its turnover to just under £20m.Commenting on the performance, McGrigors managing partner Kirk Murdoch said: “Bearing in mind these financial results are set against a market which has seen a lack of M&A activity, it is an encouraging picture which bodes well for the future.”

This premium content is reserved for
Legal Week Subscribers.
Subscribe today and get 10% off.

A PREMIUM SUBSCRIPTION PROVIDES:

  • Trusted insight, news and analysis from the UK and across the globe
  • Connections to senior business lawyers within the leading law firms and legal departments
  • Unique access to ALM's unrivalled, market-leading reporting in the US and Asia and cutting-edge research, including Legal Week's UK Top 50 and Global 100 rankings
  • The Legal Week Daily News Alert, Editor's Highlights, and Breaking News digital newsletters and more, plus a choice of over 70 ALM newsletters
  • Optimized access on all of your devices: desktop, tablet and mobile
  • Complete access to the site's full archive of more than 56,000 articles

Already have an account?

For enterprise-wide or corporate enquiries, please contact Paul Reeves on Preeves@alm.com or call on +44 (0) 203 875 0651

 

Legal Week Newsletters & Alerts

Sign Up Today and Never Miss Another Story.

As part of your subscription, you can sign up for an unlimited number of a wide range of complimentary newsletters and alerts. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2019 American Lawyer Media International, LLC. All Rights Reserved.