Scots regulation agency acquires main solicitors in formidable merger

A SCOTS regulation observe has acquired the most important agency of solicitors and property brokers in East Lothian in an formidable merger for the corporate.

The takeover of Backyard Stirling Burnet – broadly generally known as GSB – creates a enterprise with over £7m-a-year turnover and 60 employees in six places of work throughout Scotland.

It offers Glasgow-headquartered Associates Authorized a big platform to create one of many greatest specialist non-public consumer corporations in Scotland.

As the biggest and one of many oldest authorized corporations in East Lothian, the Backyard Stirling Burnet identify will likely be retained, whereas turning into a part of the Associates Authorized community.

Tony O’Malley (L) of Associates Authorized will now be joined within the merger by GSB director Alan Borrowman (R).

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

Tony O’Malley, Managing Accomplice of Associates Authorized, mentioned: “GSB is a superb enterprise with a superb status, improbable folks and an unmatched footprint throughout East Lothian.

“We’ll re-establish GSB within the native market by investing in its folks, infrastructure and model.

“It’s the biggest authorized observe 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 providers 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 recognized for its property company, executry and conveyancing work, a precedence will likely be to unlock the potential of its complete non-public consumer workforce together with household regulation and its letting enterprise.

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The acquisition will even allow Associates Authorized to discover additional shopper authorized providers, notably in conveyancing and remortgaging.

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.

Alan Borrowman added: “We might additionally wish to wholeheartedly thank our loyal purchasers 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 turning into a part of the Associates Authorized community, our vary of authorized providers to purchasers will turn out to be much more specialist but accessible.

“That is the fitting deal on the proper time and will likely be improbable for the devoted and hard-working workforce 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 position that we play locally.”