The tie-up will allow Gilson Gray to expand its offering in the Tayside area, increasing its scope in property lettings and conveyancing.
Under the deal, Wallace and Co’s Elaine Wallace, Pauline Traill and Derek Tyson will transfer to the legal firm’s property services team.
Gilson Gray also announced it will offer landlords a half price lettings fee for the first six months if they sign up by 30 May, as part of its response to the coronavirus crisis.
MD of property services Matthew Gray said: “The addition of Elaine and her team will bring a brand-new dynamic to our full-service offering – their local expertise and experience will be invaluable for us as we continue to expand in the area.
“In addition, as we are mindful of the current climate is having on businesses, we have created an emergency helpline for all queries and issues relating to the COVID-19 pandemic.”
The move follows the launch of Gilson Gray offices in Dundee and North Berwick, and the recent acquisitions of Coulters Lettings in Edinburgh and Millar Campbell Solicitors in Glasgow.
Elaine Wallace, lettings Director at Gilson Gray, said: “We’ve got to know Gilson Gray very well over the past year or so and we really believe we’ve found our perfect business partner.
“With a lot of changes in the industry over the past few years, it’s really important that we evolve and adopt alongside them. Combining all of our strengths will make us extremely competitive and even more successful, particularly within the Dundee lettings industry.”