One of Scotland’s largest law firms has reported a 1.7 per cent drop in profit. Shepherd and Wedderburn said that its turnover had risen by 2 per cent to £56.9 million for the 12 months to the end of April, but that it had noted a limited impact in the financial year because of the lockdown. The firm, which can trace its roots back to the 18th century, operates from offices in Edinburgh, Glasgow, Aberdeen, London, Dublin and Singapore and employs more than 470 people including 74 partners. Profit before partner distributions in the most recent financial year was £22.4 million, against £22.8 million in the previous 12 months. The firm said that its clean energy practice had generated record revenue, while its corporate finance unit had worked on deals with a total value in excess of £6 billion. Those deals included Cairn Energy’s £305 million sale of its assets in Senegal and advising on the £2 billion financing for the Neart na Gaoithe offshore wind farm in the Firth of Forth. The firm also worked on two of Scotland’s largest real estate office deals. It advised Baillie Gifford on its letting of a new head office in the Haymarket Edinburgh development, as well as working with JP Morgan Chase on building a 270,000 sq ft technology base in Glasgow.
Times 7th Sept 2020 read more »
Shepherd and Wedderburn’s clean energy group has reported record revenues in the year to April 30, 2020, up 54 per cent on the previous year. The group continues to advise on landmark and pathfinder clean energy projects across the UK, working with clients to help accelerate a green recovery.
Herald 7th Sept 2020 read more »
Scotsman 7th Sept 2020 read more »