Law Society comment on Shepherd and Wedderburn acquisition of Tods Murray
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.
“We are confident however that arrangements are being put in place to ensure that there is as little disruption as possible to the firm’s clients as there is to be a full transfer of business to Shepherd and Wedderburn, one of Scotland’s largest law firms.
“While all Tods Murray staff will also transfer to Shepherd and Wedderburn, we are very aware that this will be a difficult and uncertain time for everyone affected by today’s announcement. We already have a range of support services available to solicitors for these kinds of situations and we will be offering our help and support to those who need it.
“We are encouraged to know that all trainee places this year and for the next two years will be honoured by Shepherd and Wedderburn.
“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. While the profession overall has been robust in weathering the downturn, today’s announcement shows that we cannot take things for granted, even as the economy shows signs of recovery.
“We will now work with both firms to help ensure a smooth transfer and to provide advice and support to our members. We would also like to reassure Tods Murray clients that they can contact their solicitor about any ongoing business or transactions.”
FOR FURTHER INFORMATION: Please contact Val McEwan on 07825 206468. Email: firstname.lastname@example.org