Harper Macleod Advises On Frame Management Buyout

Leading Scottish commercial law firm Harper Macleod LLP has advised the leadership team of the Frame marketing communications agency on a management buyout.

Following the death of the agency's high profile founder and sole shareholder, Alan Frame in February 2007, the ownership of the agency was unclear. The MBO team, led by Managing Director, George Cumming, has now acquired the majority stakeholding in the company for an undisclosed sum, with the goal of continuing to grow the business.

Founded in 1989, Frame is the second largest agency in Scotland with billings of ?13.2m. It employs 36 people in Glasgow's Merchant City.

Harper Macleod advised the management team in relation to the purchase of the agency.

Donnie Munro, Senior Partner, said, "We were delighted to assist George and his colleagues to secure the future of this well-known and important Scottish marketing agency".

Established in 1988, Harper Macleod has 40 Partners, 115 Fee Earners and a complement of 240 staff. The firm is renowned for its expertise in Public Sector & Housing, Sports, Recoveries, Corporate, Real Estate, Litigation, Banking and Employment and includes The Scottish Government, The Child Support Agency in Scotland, The Scottish Premier League, Forestry Commission Scotland, Whitbread, William Hill, BP, Airtricity, Optical Express and Tulloch Homes Group in its impressive list of clients.