Law firm boost
Shepherd & Wedderburn reports 10% rise in deal values
The firm acted for Moray Offshore Windfarm (East)
Shepherd and Wedderburn’s banking and finance team saw the value of transactions in which it has been involved rise by 10% in the year to 30 April.
The team completed 167 deals with a combined value of £145.4 billion, five more than in 2017/18 which were valued at £132bn.
Fiona Buchanan, head of the team, said the year-on-year increase in the cumulative value of deals illustrates the team’s success in securing higher value work with new and existing clients.
“Our clients were particularly active in the renewables, healthcare, technology, real estate and financial sectors last year, which largely reflects the sectors that are performing well in both the Scottish and wider UK economies,” she said.
“Approximately 15% of work won last year was with new clients, notably corporates seeking our experienced banking and finance advisers to put debt funding in place, particularly as Brexit uncertainty continues to influence operating conditions.