Maclay Murray & Spens LLP was a top 100 UK law firm headquartered in Glasgow with offices in Aberdeen, Edinburgh and London,[1] and was one of the UK's leading full service commercial law firms.
 | |
| Headquarters | Glasgow, United Kingdom |
|---|---|
| No. of offices | 4 |
| Offices | Aberdeen, Edinburgh, Glasgow, London |
| No. of lawyers | 143 |
| No. of employees | 450 |
| Major practice areas | General practice, Commercial law |
| Key people | Kenneth Shand (CEO) Michael Livingston (Chairman) |
| Revenue |  £44.3m (2015/16) |
| Profit per equity partner | £248,000 (2015/16) |
| Date founded | 1871 - Glasgow |
| Founder | David Maclay, David Murray and John Spens |
| Company type | Limited liability partnership |
| Website | www |
In July 2017, it was announced that Maclay, Murray & Spens would merge with Dentons, the largest law firm in the world by number of lawyers. The process completed at midnight on 27 October 2017 with the wholesale adoption of the Dentons brand.
About Maclay Murray & Spens
editMaclay Murray & Spens was founded in 1871 in Glasgow by David Maclay, David Murray and John Spens[2] as the first law firm in Scotland with a specifically commercial practice.
Part of Scotland's 'Big Four', Maclay Murray & Spens was at the time of its merger with Dentons one of only a few remaining large independent Scottish law firms; In that capacity, the firm was the exclusive Scottish member of the international law firm network LexMundi, allowing it to service its clients' international needs.
The firm at the time of its merger employed over 450 people, was ranked in the Legal 500 as a top tier firm, and had over 40 lawyers ranked as leaders in their field in Chambers 2016. The firm's practice areas spanned:[3]
| Banking & Finance | Capital Projects | Commercial Dispute Resolution | Construction & Engineering | Corporate |
| Oil & Gas | Employment | Pensions & Benefits | EU, Competition & Regulatory | Housing & Care |
| Intellectual Property & Technology | Planning & Environmental | Private Client, Property and Tax |
A complete history of the firm was published in October 2017 and entitled 'Maclay Murray & Spens, A History: The Past is Prologue' by Saamir Nizam.
Notable cases/deals
edit- Advised on the £3.8 billion merger of Standard Life and Aberdeen Asset Management.[4]
- Advised on equity placing to raise £250m and admission to the London Stock Exchange in respect of The PRS Reit PLC.[5]
- Advised on the £34.1 million flotation of FreeAgent on the London Alternative Investment Market (AIM).[6]
- Advised on the £650 million sale of Scottish Widows Investment Partnership Group by Lloyds Banking Group to Aberdeen Asset Management.[7]
- Advised on the £265 million sale of Deutsche Asset Management (UK) to Aberdeen Asset Management.[8]
Industry awards
editIP Excellence Awards 2017:
- Best IP Law Practice In Scotland - Winner.[9]
Scottish Legal Awards 2017:
- Litigation Team of the Year - Short-listed.[10]
The Lawyer Awards 2015:
- Competition Team of the Year - Short-listed.[11]
Legal 500
editThe firm at the time of its merger was ranked as 'regional heavyweight' in Scotland by independent directory Legal 500,[12] and was listed Tier 1 and Tier 2 as follows:[13]-
| Practice Area | Tier | Office |
|---|---|---|
| Banking and Finance | Tier 1 | Edinburgh & Aberdeen |
| Commercial Litigation | Tier 2 | Edinburgh & Glasgow |
| Commercial Property | Tier 1 | Edinburgh & Glasgow |
| Construction | Tier 2 | Edinburgh & Glasgow |
| Corporate Tax | Tier 1 | Glasgow |
| Education | Tier 2 | Edinburgh & Glasgow |
| Energy (Excluding Oil & Gas) | Tier 2 | Edinburgh |
| Environment | Tier 2 | Edinburgh & Glasgow |
| EU & Competition | Tier 1 | Glasgow |
| General Corporate and Commercial | Tier 2 | Aberdeen, Edinburgh & Glasgow |
| Insolvency and Corporate Recovery | Tier 2 | Glasgow |
| Intellectual Property | Tier 2 | Edinburgh & Glasgow |
| IT & Telecoms | Tier 2 | Edinburgh & Glasgow |
| M&A (up to £50m) | Tier 2 | London |
| Oil & Gas | Tier 2 | Aberdeen |
| Property Litigation | Tier 1 | Edinburgh |
| Transport | Tier 2 | Edinburgh & Glasgow |
| Unit Trusts, OEICS and Investment Trusts | Tier 2 | Edinburgh |
References
edit- ^ "Maclay Murray & Spens Llp". Bloomberg News. Retrieved 18 May 2016.
- ^ "The Murray Collection". University of Glasgow. Retrieved 17 December 2011.
- ^ "Practice Areas". Maclay Murray & Spens. Retrieved 17 December 2011.
- ^ "Maclay leads on Standard Life and Aberdeen Asset Management Merger". Legal Week. Retrieved 28 May 2017.
- ^ "Maclay Murray & Spens advises on launch of The PRS REIT plc, raising £250m". Maclay Murray & Spens. Retrieved 28 May 2017.
- ^ "Maclay Murray & Spens advises FreeAgent on IPO". Maclay Murray & Spens. Retrieved 28 May 2017.
- ^ "HSF, Lovells, Maclay Murray act on £650m Lloyds' SWIP sale". Legal Week. Retrieved 28 May 2017.
- ^ "City Law merger bags Maclays £265m Aberdeen deal". Legal Week. Retrieved 28 May 2017.
- ^ "MMS named 'Best IP Law Practice In Scotland' at the 2017 IP Excellence Awards". Maclay Murray & Spens. Retrieved 28 May 2017.
- ^ "MMS named 'Best IP Law Practice In Scotland' at the 2017 IP Excellence Awards". Maclay Murray & Spens. Retrieved 28 May 2017.
- ^ "Maclay Murray & Spens shortlisted for award". Scottish Legal. Retrieved 28 May 2017.
- ^ "Scotland | Law firm and lawyer rankings from the Legal 500 United Kingdom - Solicitors guide".
- ^ "Dentons > Edinburgh > Scotland | the Legal 500 law firm profiles".