LEGAL firm Anderson Strathern is expected to make a number of senior hires in the coming weeks as it prepares to announce a double-digit increase in profits for the first six months of its financial year.
An intense period of consolidation in the Scottish sector, which also witnessed the collapse of rival Tods Murray in October, has created opportunities for the practice to add to its 280-strong headcount across Edinburgh, Glasgow and Haddington.
Last month, the firm bolstered its presence in Glasgow with the appointment of solicitor advocate Natalie McCartney, formerly of Thompsons, to its healthcare team.
Murray McCall, who took up the role of managing partner in September, told Scotland on Sunday that mergers were “natural and in many ways desirable, but it’s not necessarily the case that you’d want to merge with anyone knocking on the door – and people come knocking quite a lot”.
He added: “You’ve got to be discerning and decide whether it fits with the firm, its culture and client base. It’s usually beneficial to at least have a coffee and find out what the proposition is. Very many of these discussions end quickly and you move on.”
Profits at Anderson Strathern rose to £7.3 million in the year to 31 August 2014, up from £6.5m previously, and McCall said that this “upward trajectory” had continued into its new financial year, with profits for the six months to February set to rise 13 per cent.
He said: “It’s been a remarkably busy period. We had a good increase last year and the first six months of this year are looking really good. Hopefully, we’ll see more of that in the second half, and all the signs are very positive.”
SUBSCRIBE TO THE SCOTSMAN’S BUSINESS BRIEFING