The Corporate team at leading law firm Harper Macleod enjoyed a record year in 2015, seeing it ranked in the top three dealmakers in Scotland.
Led by Partner Donald Munro, the firm closed more than 73 deals with a combined disclosed value in excess of £1 billion.
That performance saw it ranked in 3rd place in the only independent measure of deal activity in Scotland, the Business Insider Deals Table.
Donald Munro, head of Corporate at Harper Macleod, said: “We had a strong year in 2015 with a rise of more than 40% on our activity in the previous year and deals across a wide range of sectors. We fully expect 2016 to deliver even more, despite the economic challenges businesses face, with the appetite for investment in Scotland continuing to grow.”
The team at Harper Macleod advises in all types of transaction, from major M&A to pioneering crowdfunding investments. The results come despite the fact Harper Macleod does not focus on the Oil & Gas sector, traditionally the biggest source of deal activity in Scotland.
Some of the firm’s notable deals included advising on the sale of Scottish-based broker First Independent Finance Ltd to the LDF group, creating a £400m combined group. The team also advised on a series of investments by life sciences venture capital fund Epidarex.
The firm’s start-up and high-growth team, led by Partner Paula Skinner, is recognised among the market leaders and works with hundreds of businesses and entrepreneurs, as well as advising some of the leading organisations including Entrepreneurial Spark and the Scottish EDGE fund.
Martin Darroch, Chief Executive of Harper Macleod, said: “In a Scottish legal landscape which has been transformed in recent years, we are one of the only independent firms which can offer a credible full service offering and this result is another indication of this. During the year we trebled our presence in Edinburgh, and this is one of the factors which also now sees us the firm of choice for many of the UK’s leading law firms for the Scottish aspects of larger transactions.”
The results reaffirm Harper Macleod’s status in the Scottish marketplace, and come even though it does not focus on the Oil & Gas sector, traditionally a main source of deal activity north of the Border.
The Insider deals tables cover activity in Scotland across every sector from Banking & Finance to Transport. Over the past four years, the firm has risen from 16th place in the 2012 table, to 9th, 6th and 3rd respectively, passing many of its competitors and traditional ‘big names’ in Scotland’s legal market in the process.