It’s all going on in Scotland.
This week’s cover feature highlights the impact the decline of the banking sector has had north of the border on Scotland’s top law firms. With the vast majority of the country’s major firms all but reliant on a stream of instructions from the likes of RBS and HBoS, the knock-on effect of their woes on its law firms was inevitable.
But as one sector falls, another rises. Sometimes. Cue insurance, and cue bulk legal services provider Parabis. The firm has just raided one of Scotland’s strongest independents, Brodies, for a five-lawyer team to fuel an expansion to the Scottish business it launched in Glasgow last year.
Parabis is now set to open in Edinburgh, laying the foundations for a full-service offering in Scotland. As founder Tim Oliver says, “This is the first stage in creating a multi-disciplinary insurance practice in Scotland”.
Maybe Oliver can give DLA Piper, which last year confirmed it was considering shutting down in Glasgow and closing or divesting its defendant insurance practice, a few pointers on how to build a business.
Also on www.thelawyer.com:
Trowers gives nod to overseas practice with the appointment of its first international managing partner
Deacons ramps up with WilmerHale’s Beijing head
And lawyers say they “welcome” implementation of long-awaited Jackson reforms