Merger sees complementary regulation corporations introduced collectively

Associates Authorized completes acquisition of East Lothian’s largest regulation agency, Backyard Stirling Burnet

Thriving fashionable regulation apply Associates Authorized has acquired the most important agency of solicitors and property brokers in East Lothian.

The takeover of Backyard Stirling Burnet – broadly referred to as GSB – creates a enterprise with over £7m-a-year turnover and 60 workers in six workplaces throughout Scotland. It offers Glasgow-headquartered Associates Authorized a big platform to create one of many largest specialist non-public shopper corporations in Scotland.

As the most important and one of many oldest authorized corporations in East Lothian, the Backyard Stirling Burnet title shall be retained, whereas changing into a part of the Associates Authorized community.

Nonetheless, speedy funding into the East Lothian agency’s 22-strong group throughout its 4 workplaces in Dunbar, Haddington, North Berwick and Tranent, will underpin ambitions to double the headcount and turnover in three years.

Tony O’Malley, Managing Associate of Associates Authorized, stated: “GSB is a superb enterprise with an excellent popularity, implausible individuals and an unmatched footprint throughout East Lothian. We’ll re-establish GSB within the native market by investing in its individuals, infrastructure and model.

“It’s the most important authorized apply by footprint and headcount within the county however has maybe misplaced market share in recent times. Our goal is to place it firmly again on the map by providing premium companies at a good value. That’s our over-riding precedence and we might want to recruit to realize these goals.”

Whereas Backyard, Stirling and Burnet is greatest identified for its property company, executry and conveyancing work, a precedence shall be to unlock the potential of its complete non-public shopper group together with household regulation and its letting enterprise.

See also  Scottish vitality companies lead method at Hannover Messe Expo

Associates Authorized already gives direct to client executry, wills and energy of legal professional work by way of its By Your Facet service – which received the Greatest Use of Advertising and Social Media Award on the British Wills and Probate Awards 2021.

The acquisition may even allow Associates Authorized to discover additional client authorized companies, notably in conveyancing and remortgaging. From its Glasgow HQ and one other workplace in Edinburgh, it already gives quantity private damage and medical negligence companies.

Mr O’Malley, who based the Associates Authorized model in 2016, is delighted that GSB Administrators Alan Borrowman, Angela Craig and Ian Philp will stay with the agency for not less than a 12 months. New consultancy roles will free them as much as concentrate on work they get pleasure from whereas bettering work-life stability.

Alan Borrowman added: “We’d additionally wish to wholeheartedly thank our loyal shoppers for his or her ongoing help and to reassure them that this merger will imply that Backyard Stirling Burnet continues to be a number one authorized presence right here in East Lothian. Certainly, by changing into a part of the Associates Authorized community, our vary of authorized companies to shoppers will develop into much more specialist but accessible.

“That is the proper deal on the proper time and shall be implausible for the devoted and hard-working group we’ve established at GSB over a few years. As administrators, that’s so essential to us and we’re thrilled with the long-term plans and prospects for the enterprise and the function that we play in the neighborhood.”   

See also  Collaborative plan goals to cut back price and carbon footprint of surgical procedure throughout Africa