Record turnover for law firm
Harper Macleod triples space in Edinburgh office relocation
Two partners will join the firm when it moves to Citypoint, Haymarket next month.
The opening of the new office comes as it announces fee income for the latest financial year hit £22 million.
Fee income rose by 5% year-on-year, with profits rising by 7.5% to almost £8m. The firm said that the acquisition of Bird Semple helped raise headcount to 313.
Harper Macleod will triple its office space in Edinburgh. Two new partners in banking & finance and dispute resolution will join the firm’s team in the capital, taking the number of partners to 63.
Chief executive Martin Darroch (pictured) said: “We’ve doubled the number of partners on the ground in Edinburgh over the past two years and around a quarter of our partners advise clients and operate out of our offices there already. The new office (below) assists our growth aspirations as we continue to identify talented individuals and teams to join the firm.”
Harper Macleod has promoted extensively from in the past year, adding seven partners and 16 associates.
The expansion in Edinburgh follows a doubling of Harper Macleod’s office space in Inverness and a major refurbishment and new long-term lease of its Glasgow headquarters. The firm is developing a new website and has made a significant investment in its IT capacity over the year.
Last year marked the culmination of its role as legal adviser to the Glasgow 2014 Commonwealth Games and saw it become one of the first law firms in Scotland to become a living wage employer.
Mr Darroch said: “It’s been a memorable year in many respects. We’ve created sustained growth by thinking and operating as a business first and foremost, one that just happens to be in the business of law. Now we’re looking to accelerate that growth to take advantage of the major opportunities we see in the Scottish legal market.
“No one firm has more than 5% of the overall market, and there’s a real opportunity to increase our market share as the legal scene continues to evolve.
“For more than three years we helped to deliver the biggest multi-sport event in Scotland’s history and to witness that culminate in such an overwhelming success was an incredible experience. It has also had a hugely positive impact on our brand.
“We work with many start-ups and high-growth companies and have been a partner of Entrepreneurial Spark since its inception, seeing the organisation and its businesses through incredible growth. We’re also involved with initiatives including ScotEdge and have played a key role in the development of crowdfunding in Scotland.”