The Lawyer Asia Pacific 150 is the only research report to provide a ranking of the top 100 independent local firms and top 50 global firms in the region. The report offers critical review of some of the fastest growing firms and their strategies, a country-by-country guide to leading legal advisers and legal services market trends, plus exclusive insight into the current business development opportunities in the Asia Pacific. Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
Scottish firm Semple Fraser has nominated RSM Tenon as its administrator, following management’s decision to seek protection from creditors earlier this week.
RSM Tenon could not say which partners were involved in the administration because the appointment had not yet been made definite.
In a statement, a spokesperson for the accountancy firm said: “We can confirm that RSM Tenon are the nominated administrators for Semple Fraser LLP. As we are not yet formally appointed, we’re not in a position to comment further.”
RSM Tenon has in the past worked alongside Semple Fraser on restructuring matters such as the administration of Chard FM in 2010.
Semple Fraser’s management sent an email to staff informing them of the decision to file notice to appoint administrators on 6 March, stating that it had become “clear that the business is no longer sustainable in this market” (6 March 2013).
The Lawyer had reported the previous day (5 March) that Semple Fraser was considering all its options in the midst of the firm-wide strategy review and that several firms, including Dundas & Wilson, Maclay Murray & Spens and Weightmans, were looking at acquiring lawyers or even whole offices from Semple Fraser (5 March 2013).
It is understood that Weightmans, in particular, is still trying to negotiate a deal to acquire a portion of Semple Fraser.