Scottish mid-sizer Fyfe Ireland is splitting in November, with the bulk of the firm set to join larger rival Brodies.
The 11-partner firm will continue in name, but will become a three-partner private client boutique after the corporate and property groups quit.
The firm’s three corporate partners are joining Lindsays and Shepherd + Wedderburn, while the five-partner commercial property team will join Brodies on 14 November. Four will join as partners, while one, the recently promoted Alex Buchan, joins as a senior associate.
The group includes Fyfe Ireland managing partner Steven Kerr and well-known property head James Roscoe. Kerr said the move would give his clients access to a “wider offering” and a significantly increased range of services.
Fyfe Ireland’s property team has handled a string of high-profile deals in the past 12 months for clients such as Grosvenor Shopping Centre Fund and Topland Group.
The deal will add some £2m to Brodies’ turnover and take revenues in the firm’s commercial property team to almost £10m. It will create a ‘pure’ real estate team of 66 lawyers, not including related areas such as property litigation or construction.