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Brodies LLP

Work 0131 228 3777
Fax 0131 228 3878

Bruce Stephen

Work 0131 656 0260
Brodies LLP

Work Department

Banking and finance.


Head of banking and finance dealing with all aspects of banking and finance transactions, including corporate, structured, property, project, development or asset-backed finance; a specialist in corporate and structured finance and securitisation, as well as providing advice receivables and asset based lending.


Trained Dundas & Wilson CS; qualified Scotland 1994; assistant in corporate department 1994; assistant Tods Murray corporate department 1996; qualified England 1997; associate in banking department 1998; partner Tods Murray WS 2000; partner Brodies LLP and head of banking and finance group 2002.


Inverurie Academy; Glasgow University (1991 LLB Hons).


Golf, tennis, member of the Brodies band (electric guitar), sailing

Scotland: Finance

Banking and finance

Within: Leading individuals

Bruce Stephen - Brodies LLP

Within: Banking and finance

Brodies LLP's banking team has 'good links with the key Scottish institutions' and 'delivers joined-up advice by working with other practices'. Michael Stoneham, who is the head of energy and infrastructure finance, 'balances technical skills, attention to detail, commerciality and team management to deliver excellent results in a short time frame'. Neal Richardson in Aberdeen leads the marine finance team. Chris Dun, who joined from Maclay Murray & Spens LLP in 2017 with four other team members (prior to its merger with Dentons), has strengthened the firm's offering in real estate finance and housing finance. A growth area of the firm's practice has been in funds finance; in a recent highlight, Peter Kelly and associate Jack Moir advised Regional REIT Limited on the amendment and restatement of circa £70m of existing facility agreements with Santander to finance the expansion of the client's commercial property portfolio. Team head Bruce Stephen has more than 20 years of banking and finance experience, with expertise in areas such as asset-based lending and receivables financing, among various others. Alan KnowlesMarion MacInnes, and managing associates Billy Kay and Fiona Cameron, are also recommended.

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IHL Briefings

If your firm wishes to publish IHL Briefings or articles, please contact Antony Dine on +44 (0) 207 396 9315 or


The big picture the key economic factors and what they mean for investment and risk

July 2018. By Bruce Stephen

Speaking to clients, in-house general counsel and those in industry, while all are concerned about the deal that may be struck around Brexit, many have to deal with other uncertainties existing in the current market. The exit negotiations of the UK from the EU are still subject to many turns before, and arguably if, any deal is progressed by March 2019 and that has important implications for key Scottish industries such as financial services, manufacturing, agriculture, fisheries and more widely, the marine and food and drink sectors. [Continue Reading]

Brexit: so many angles north of the border

October 2016. By Bruce Stephen

The implications for the Scottish market in light of the recent Brexit vote, like the rest of the UK, remain unclear, with the inevitable lengthy negotiation period on the terms of our exit still yet to come. Many of the same issues arise here as in the UK, but there are a number of Scottish quirks that give us a few additional matters to consider – here we take a look at a few of these. [Continue Reading]

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Legal Developments by:
Brodies LLP

  • Scottish planning obligations: modification and discharge – the story so far

    Planning obligations 1 (formerly agreements), which restrict or regulate the use or development of land, perform a crucial function within the planning system. In Scotland in particular, where the community infrastructure levy has not been adopted, the planning obligation continues to be the primary mechanism for the delivery of much needed local and regional infrastructure through developer contributions, often involving very significant sums. 

    - Brodies LLP

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