Scotland-headquartered Shepherd & Wedderburn has added the former head of DLA Piper’s Scottish construction and engineering group to its own construction and projects practice.
Gareth Parry, who joined DLA Piper from legacy McGrigors (now Pinsent Masons) in 2010 (1 March 2010), joins Shepherd & Wedderburn after a year out of practice. He had been based in DLA Piper’s Glasgow office, which was closed last year as part of a review of the firm’s domestic business (24 January 2013). While 10 partners and 30 members of staff were given the opportunity to relocate to Edinburgh, the majority of them rejected the offer (30 July 2013).
According to Shepherd & Wedderburn chief executive Stephen Gibb, Parry’s hire is part of a growth plan for the firm’s construction team that has been put in place due to the firm winning instructions on a number of new projects.
“In the last 12 months the construction and projects practice has experienced tremendous growth across a wide range of sectors advising on projects worth over £2.6bn,” he said.
“The team has advised on many major energy and infrastructure projects throughout the UK and beyond ranging from numerous office, industrial, retail and leisure projects as well as new hydro projects, hospitals, colleges, wave and tidal projects, wind farms, light rail, bridges and waste schemes.”
Among the deals the firm has acted on are the sale of the Barmoor wind farm project to EDF as well as the development of three wind farms in the Moray Firth. On the former Shepherd & Wedderburn acted for vendors Duke Energy and Statkraft UK while on the latter it advised developer Moray Offshore Renewables.
Parry, who has particular expertise in the energy sector, began his career at Cameron Markby Hewitt (now CMS) before doing stints at MacRoberts and McGrigors. Since leaving DLA Piper last year he has set up his own business, Rutland Medical Centres, which develops premises to be leased back to GP practices.
Shepherd & Wedderburn had a solid financial year in 2013/14, posting rises in turnover, net profit and average profit per equity partner (PEP). Turnover was up by 7 per cent from £35.9m to £38.3m, net profit rose by 10 per cent to £14.3m and PEP jumped from £253,000 to £278,000 (10 June 2014).