Employment advisers to split from law firm
SPECIALIST employment law advisers Law At Work have agreed a management buyout from legal firm Maclay Murray & Spens (MMS).
The buyout is being led by the firm’s senior management team which includes chairman Magnus Swanson - formerly chief executive of MMS – Law At Work chief executive Jane Wright and Donald MacKinnon, its director of legal services.
Law At Work employs a 30-strong team of lawyers and other specialist staff providing fixed-fee advice services.
Turnover last year was £1.53 million, up 23% on the previous 12 months.
Wright said: “This is a significant step forward and gives us a new platform to secure further growth as the market for legal services continues to develop.
“Over the last decade, Law At Work has built up a first-class reputation for delivering a quality service in the fixed-fee arena. The MBO positions us to take advantage of the major changes taking place in the delivery of legal services.
“From our perspective, the change in ownership is an extremely positive development, with the same management team and staff remaining in place to drive the business forward. It means that we will be able to continue to offer the same people and services to our clients, with no change in our ethos.”
Swanson said that after leaving MMS earlier this year he had been keen to get involved with growing, successful businesses.
“I saw excellent potential in Law At Work and have been impressed by the business model. The business was nurtured by MMS in its early years and the time is now right for it to stand alone as one of Scotland’s leading fixed-fee consultancies."
DLA Piper and Craig Corporate acted as advisers to the MBO team.