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Parabis is to expand its Scottish footprint with a second office just six months after launching a Glasgow base.
The firm, which took financial backing from private equity house Duke Street last February (6 February 2012), is to launch in Edinburgh after poaching a partner-led team from Brodies.
Parabis Scotland has hired associate Laurie Traynor as a partner. She will be joined by associates Stuart Mackie, Julie Fisher, Sarah Crewes and solicitor advocate James Peden.
The expansion is being led by Parabis Scotland head Tony O’Malley, who joined the firm in November from HBJ Claim Solutions (6 November 2012).
Insurance claims business Parabis is parent company to defendant firm Plexus Law and claimant group Cogent Law in England and Wales and is laying the foundations for a full-service offering in Scotland.
“From the start, the demands of our clients have driven activities,” O’Malley said, adding that there had been growing calls for the firm to add to its defendant law practice.
Rather than merging with a Scottish independent firm O’Malley said that Parabis had decided to grow organically to keep costs under control.
“By growing organically and attracting experienced teams, we can manage our costs better, which is what clients demand in the current market,” he commented.
Plexus Law senior partner Tim Oliver added: “This is the first stage in creating a multi-disciplinary insurance practice in Scotland. Glasgow has been a great move for us. With this latest move we’ll have the demand, capability and reach to service general loss cases and more diverse defendant work in Scotland.
“The quality of the team we’ve attracted, and around which we’re building our Edinburgh office, illustrates how serious we are about being here and how keen our insurance clients are to be able to work with us on both sides of the border.”
For more on the challenges facing the Scottish market read this week’s feature here.