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The Legal 500 Hall of Fame Icon The Legal 500 Hall of Fame highlights individuals who have received constant praise by their clients for continued excellence. The Hall of Fame highlights, to clients, the law firm partners who are at the pinnacle of the profession. In the United Kingdon, the criteria for entry is to have been recognised by The Legal 500 as one of the elite leading lawyers for eight years. These partners are highlighted below and throughout the editorial.
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United Kingdom > Scotland > Finance > Insolvency and corporate recovery > Law firm and leading lawyer rankings

Editorial

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Index of tables

  1. Insolvency and corporate recovery
  2. Leading individuals: Hall of Fame
  3. Leading individuals
  4. Next Generation Partners
  5. Rising stars

Leading individuals

  1. 1

Next Generation Partners

  1. 1

Rising stars

  1. 1

Addleshaw Goddard advises its high-profile client base on Scottish insolvency matters and the Scottish aspects of major cross-border restructurings. In recent highlights, the team, which is led by Jamie McIntosh from Edinburgh, represented the administrators of Havelock Europa, and advised the liquidators of Doonin Plant. Also notable is Addi Spiers, who leads the UK distressed real estate practice from the Aberdeen and Edinburgh offices.

Practice head(s):Jamie McIntosh

Other key lawyers:Tim Cooper; Addi Spiers; Jamie Nellany; Emma Widdowson

Testimonials

'The practitioners at Addleshaw Goddard go out of their way to build and maintain the relationship across the whole of the team. They are well respected in this specific line of work and can deliver what is required on time and within budget.'

'Tim Cooper provides very straight and practical advice when clients want to cut through the issues and have effective and efficient advice.'

'Jamie McIntosh, Lynsey Walker and Kirsten Fleming all have the ability to come up with solutions to potential problems.'

Key Clients

Lloyds Banking Group

The Royal Bank Of Scotland plc

Santander Bank

Clydesdale Bank PLC

HSBC

Barclays Bank plc

KPMG LLP

Clipper Holdings II S.a.r.l.

Cable Capital Partners Limited

FRP Advisory

Work highlights

  • Acting for the administrators of Havelock Europa on the sale of its business and assets to turnaround specialist RCapital.
  • Instructed by KPMG as liquidators to represent Doonin Plant in a case, which had a significant impact on the status of environmental obligations of companies for illegal waste activities prior to insolvency, and their enforcement as an expense of liquidation under insolvency law.

  • Acted for Santander Bank on the administration of Bertinaley Care.
  • Assisted KPMG as administrators of James Callander & Son with the negotiations to enable a disposal of assets, returns to plant and machinery finance creditors.
  • Advising The Royal Liverpool and Broadgreen University Hospitals NHS Trust on the managed termination of the Royal Liverpool Hospital PFI project.

Burness Paull LLP recently hired Michael Thomson from Pinsent Masons LLP to head up the restructuring and insolvency team; his recruitment has impacted the practice's client roster with new lender appointments and city law firm clients. On the contentious side, Gary Moffat is a dedicated insolvency litigation specialist and regularly represents the Insolvency Service.

Practice head(s):Michael Thomson

Other key lawyers:Gary Moffat

Testimonials

'The team at Burness Paull  is known for its excellent market knowledge and presence in both non-contentious and contentious restructuring; the team has reassuringly deep expertise fronted by exceptionally approachable and commercially-minded partners.'

'The team has a wealth of experience at all levels. It is clear that senior members of the team take time training those that are more junior. This means that all members of the team have a strong understanding of the law and also the commercial issues at play in this area.'

'Michael Thomson is incredibly user-friendly and commercial. Gary Moffat is experienced and unflappable. Jonathan Heaney has deep technical experience and a very impressive profile.'

'Michael Thomson is a highly capable and commercially minded lawyer in whom clients have a high level of confidence. He is also extremely client-focused, and builds and retains exceptional relationships.'

'Gary Moffat is excellent to work with and gets to the heart of difficult issues very quickly. He takes time to understand his client's aims and objectives and ensures that the approach taken is consistent with these.'

Key Clients

HSBC Bank plc as lender and Ernst & Young as administrators of House of Fraser

Lujo Properties Limited.

The Royal Bank of Scotland plc, Lombard North Central PLC and Lombard Technology Services Limited

T.O.M. Group (comprising ten distressed companies within the group) and Deloitte

The trustees of the pension scheme of Havelock Europa PLC (now in administration)

The Insolvency Service

Pension Protection Fund

James McFadden

Zhuoli Imaging Technology Co., Ltd

Work highlights

  • Acting for HSBC Bank and Ernst & Young as lender and administrator respectively on the administration of a national retailer.
  • Instructed by a project company forming part of a consortium to advise on the administration of the UK’s second largest building firm.
  • Assisting Lujo Properties with the company voluntary arrangement of a national retailer.
  • Acting for the Insolvency Service in investigating the activities of insolvent companies, undertaking public interest winding-up cases; and pursuing director disqualification court applications.
  • Advising the Pension Protection Fund on the administration of the Pringle Knitwear group.

Pinsent Masons LLP's insolvency and restructuring group is notably strong in the oil and gas, renewables, care homes, retail and financial services sectors, with particular expertise in distressed loan sales and purchases and UK bank ring-fencing projects. Claire Massie leads the practice, which also fields Stacey Bairner, who specialises in the trading and restructuring of distressed debt; and senior associates Jennifer McCormick, Ainslie Benzie and Natalie Colaluca. The group was also recently strengthened by the arrival of senior consultant Colin McIntosh from Brodies LLP.

Practice head(s):Claire Massie

Other key lawyers:Stacey Bairner; Jennifer McCormick; Ainslie Benzie; Natalie Colaluca; Colin McIntosh

Testimonials

'The Pinsent Masons team brings sector knowledge, an arsenal of AI capabilities and the ability to mobilise a much wider team across the UK.'

'The team's breadth of experience in the non-performing loan space (both sell and buy side), the quality of its service and the level of its expertise is what sets Pinsent Masons apart.'

'Senior associate Ainslie Benzie is always happy to help and provide guidance when needed. She has a wealth of support and experience available within Pinsents to support as required.'

'Stacey Bairner and her associates Ross Cooper and Kevin Mulligan are all excellent and build up a relationship of reliance and trust with their clients within a short time.'

'Stacey Bairner is an excellent partner. She is always available, very level-headed, an excellent communicator, knows her stuff and is an absolute pleasure to work with.'

'Natalie Colaluca is a standout senior associate.'

Key Clients

House of Fraser Limited House of Fraser

Tesco Personal Finance Plc

Lone Star Funds

Deloitte LLP

FRP Advisory LLP

Ernst & Young

BDO LLP

Work highlights

  • Advising on the Scottish law elements of the contingency planning and restructuring steps for House of Fraser.
  • Acting for Deloitte as administrator of Corby Developments and Northants Rockingham Speedway on the sale of Rockingham Motor Speedway and the associated property.
  • Appointed by Tesco Personal Finance as lead counsel to advise on all the Scottish and English law aspects of the sale of Tesco's Irish credit card business.
  • Acting for Ernst & Young as administrators and liquidators of a large international oil and gas group.
  • Instructed by Lowell Group to advise on the review and reporting of its entire portfolio of credit agreements.

Shepherd and Wedderburn's experience spans transactional, financial and contentious restructuring and insolvency matters for a client roster, which includes large restructuring and insolvency specialists and a number of niche practices in Scotland. The practice is led by Glasgow-based Yvonne Brady, who has a particular focus on the reorganisation and disposal of distressed and insolvent businesses in the SME and mid-market sector. Other noteworthy individuals include contentious specialist Gillian Carty, Fiona McKerrell, who focuses on complex financial restructurings and advising directors of distressed companies; and senior associate Allana Sweeney, who handles distressed M&A work.

Practice head(s):Yvonne Brady

Other key lawyers:Gillian Carty; Fiona McKerrell; Hamish Patrick; John Gallacher; Allana Sweeney

Key Clients

Ernst and Young (EY)

KPMG (UK and Ireland)

FRP Advisory

BDO

Johnston Carmichael

Deloitte

PwC

Latham & Watkins

Allen & Overy

Leonard Curtis

Sidley Austin

Work highlights

  • Assisted EY with the administration of the Tom Group.
  • Advised PwC on the potential restructuring and ultimate administration of Beaconhurst School.
  • Acting for a number of firms on the bulk transfer of portfolios of appointments following the departure of an insolvency practitioner.
  • Assisted JCE Group as majority shareholder with the initial standstill and rescue of Scottish offshore wind fabricator, Burntisland Fabrications.
  • Advising the liquidator of St Andrews Motorhomes on a range of issues arising from the conduct of the director of the company pre-insolvency.

Brodies LLP's contentious expertise was recently bolstered by the arrival of Tony Jones QC from BTO Solicitors LLP. The insolvency and restructuring team, led from Edinburgh by Rachel Grant, represents large corporates, SMEs, public sector and regulatory clients, high-profile retailers and construction companies. Peter Kelly leads the Glasgow-based group, and Bruce Stephen handles specialised insolvency processes.

Practice head(s):Rachel Grant; Peter Kelly

Other key lawyers:Bruce Stephen; Shirley Li-Ting; Louise Laing; Lucy McCann; Amy McVey

Testimonials

'Led by Rachel Grant, this is one of the strongest teams in the Scottish insolvency and corporate recovery field. At Brodies, the advice is robust, detailed and well thought through with a commercial application for the client.'

'Brodies fields a strong team at all levels with great expertise combined with practical experience.'

'The insolvency and corporate recovery team at Brodies provides strong technical and commercial advice, which enables insolvency practitioners to make important decisions on complex issues.'

'Rachel Grant is one of the leading insolvency and corporate recovery lawyers in Scotland.'

'Rachel Grant is an extremely capable solicitor who has always been able to offer a practical solution to any issue. She is always approachable and quick to respond, which is a huge asset when faced with a time pressured situation.'

Key Clients

PwC LLP

KPMG LLP

Ernst & Young LLP

FRP Advisory LLP

Grant Thornton LLP

BDO LLP

Aver Advisory Services

Tennent Caledonian Breweries UK Limited

Henderson Loggie

Scottish Enterprise

Work highlights

  • Advised the board of directors of Angus Cereals on its financial distress and subsequently acted for FRP Advisory as joint administrators.
  • Advised the board of directors of Deveron Homes and Deveron Construction and subsequently KPMG as joint administrators.
  • Instructed by the joint liquidators of RFC 2012 (formerly Rangers Football Club) to advise on all aspects of its liquidation.
  • Acted for Henderson Loggie Chartered Accountants as trustee on the sequestration of  Ross Harper Solicitors.

CMS' restructuring and insolvency team fields dedicated specialists, led by¬†Si√Ęn Aitken¬†from the Edinburgh. With a particular strength in oil and gas restructurings, the group regularly advises its client roster on a variety of issues including defaults, co-venturer insolvencies, acquisitions of assets in distressed situations, decommissioning liabilities and interactions with the Oil and Gas Authority.

Practice head(s):Sian Aitken

Other key lawyers:Jennifer Antonelli

Key Clients

KPMG

The Royal Bank of Scotland Group

FRP Advisory LLP

SSE Renewables

Ernst & Young LLP

Deloitte LLP

Lloyds Banking Group

Davidson Kempner Partners

PwC

Natwest Markets

Work highlights

  • Acted for RBS on a security enforcement relating to a Learjet aircraft and engines owned by First Aviation by way of a receivership appointment.
  • Assisted the Bank of Scotland with the review of the security documentation, drafting of demand letters, review of administration appointment documentation, and the release and discharge of security in the Havelock administration.
  • Advised SSE Renewables on the liquidation of Brims Tidal Array, a joint venture between SSE and Openhydro Group.
  • Acted for the concession creditors, principally White Stuff and French Connection, on the House of Fraser CVA and subsequent administration.

The team at Morton Fraser draws on experts from a range of specialist areas and disciplines including restructuring, litigation, banking, property, employment, financial crime and asset based lending. The group recently welcomed Alan Meek into the Glasgow office from MacRoberts LLP ; he jointly leads the group with non-contentious expert Iain Young. The team also includes insolvency litigation specialists Richard McMeeken in Edinburgh and Nicola Ross in Glasgow.

Practice head(s):Iain Young; Alan Meek

Other key lawyers:Richard McMeeken; Nicola Ross

Key Clients

FRP Advisory

Johnston Carmichael

French Duncan LLP

KPMG LLP

Deloitte LLP

Grant Thornton

Metis Partners

Armstrong Watson

RSM

BDO LLP

Work highlights

  • Acted for BDO LLP as administrators of Granite City Assets in a petition for directions in a Court of Session relating to whether a claim by a group of creditors was secured.
  • Representing Geoghegan & Co in an action of accounting brought against the former owner of Subway (Edinburgh), who is alleged to have taken £1.5m from the company.

BBM Solicitors' team acts for insolvency practitioners and has notable expertise handling matters arising from formal appointments. It also has a substantial reputation for contentious insolvency matters, including opposed interlocutory applications for matters including remuneration issues and substantive asset recovery and fraud cases. Eric Baijal leads the group from Edinburgh and has a noteworthy track record in cross-border matters. The non-contentious restructuring sub-group is led by director Jennifer Simpson.

Practice head(s):Eric Baijal

Other key lawyers:Jennifer Simpson

Testimonials

'Eric Baijal and Kate Sharp are both highly talented and work well together.'

'BBM Solicitors provides top-quality personal service.'

Key Clients

FRP Advisory LLP

Manolete Partners PLC

French Duncan

Johnston Carmichael

MLM Solutions

Campbell Dallas

Anderson Anderson Brown

RSM

Begbies Traynor

Scott Moncrieff

Work highlights

  • Acting for joint liquidators of CS Properties in a Section 212 Insolvency Act 1986 claim against two former directors relating to the diversion of sums diverted away from the company in insolvency.
  • Acting for the liquidator of Rutland Investment Managers in various claims arising from the insolvency including court proceedings against a financial services network alleged to have received authorised commission trail payments transferred by the company pre-insolvency.
  • Advising Urquhart and Co on its potential restructure and ultimately insolvency.
  • Advising a group of creditors in Scotland on the House of Fraser administration.

The restructuring and insolvency team at Harper Macleod LLP covers all areas of work ranging from complex bank-led restructurings and refinances to administrations. The group, which is jointly led by Gordon Hollerin and James Lloyd, has particular expertise in the sport sector; it recently advised on issues arising from voluntary liquidations and dissolutions. The practice has also recently expanded its alternative lender client roster.

Practice head(s):Gordon Hollerin; James Lloyd

Other key lawyers:John Pringle

Testimonials

'The Harper Macleod team is well known in the market for its breadth and depth of experience in restructuring and excellent commercial skills.'

'Gordon Hollerin is an excellent lawyer. He is pragmatic, commercial and very responsive to client needs. He quickly provides sensible and clear advice, which can be applied in practical terms. He understands the market and the key drivers for working with insolvency practitioners.'

Key Clients

Lloyds Banking Group Business Support Unit

Clydesdale Bank Strategic Business Services

Allied Irish Bank Financial Solutions Group

KPMG

BDO

RSM Restructuring Advisory

Scott Moncrieff

Lendy Limited

Quantuma

Leonard Curtis Business Solutions Group

Our Power Energy Supply Limited

The Phoenix Car Company Limited

Work highlights

  • Advised Our Power Energy Supply on Ofgem's Supplier of Last Resort process, and on the subsequent appointment KPMG as administrators. It is also advising the administrators on the administration process.
  • Acting for RSM Restructuring Advisor as liquidators of Aulds on the group's restructuring the group.
  • Instructed by RSM Restructuring Advisory on its appointment as liquidator of Balmoral Knitwear and the liquidation-related employment issues.
  • Advised Quantuma LLP as liquidators of Yorkshire Investment Property Denison Ventures regarding the presentation of a petition on behalf of a chargeholder who had substantial outstanding debt.

The insolvency and restructuring team at Anderson Strathern handles the full spectrum of insolvency and restructuring work, and has particular expertise in the contentious aspects of corporate insolvency matters. Practice head Katrina Lumsdaine has a high-profile client base including government agencies and insolvency practitioners, which she advises on national and cross-border matters. Gillian Jamieson was recently promoted to the partnership.

Practice head(s):Katrina Lumsdaine

Other key lawyers:Gillian Jamieson

Key Clients

HMRC

Accountant in Bankruptcy

Begbies Traynor (Scotland) LLP

Johnston Carmichael LLP

RSM Tenon

New School Butterstone Limited

Payfont Limited

T Graham & Sons Limited

MLM Solutions

KPMG

Work highlights

  • Acted for The New School Butterstone on its restructuring and subsequently appointing and acting for its joint administrator.
  • Assisted the administrator of Payfont with its administration.
  • Assisted Freeman Fisher LLP on the implications of the insolvency of Carillion including lodging a petition for an order to wind up a Scottish construction company.
  • Advising T Graham & Son on its restructuring options and subsequently acting for the company's liquidator.

Blackadders LLP's insolvency client base spans distressed companies, directors and stakeholders, lenders, investors, servicers and secondary debt investors, as well as financial advisers, turnaround specialists and insolvency practitioners. Under the leadership of Ryan McKay, the team handles a wide range of issues including administrations, bankruptcys, business restructurings, liquidations, partnership insolvencys, receiverships and voluntary arrangements.

Practice head(s):Ryan McKay

Other key lawyers:Stephanie Carr; Richard Godden

Testimonials

'Blackadders fields an experienced and commercial team.'

'Stephanie Carr is very experienced in insolvency matters, particularly when it comes to personal insolvency. She is personable and client-friendly.'

At BTO Solicitors LLP, the insolvency and corproate recovery group primarily handles insolvency litigation and shareholder and boardroom disputes. The team provides advice and representation to directors pre- and post-insolvency including directors’ duties or disqualification proceedings and personal liability claims. Dorothy Hatfield and Grant Hunter lead the insolvency litigation group, and Alastair Dunn heads up the advisory and restructuring advice.

Practice head(s):Dorothy Hatfield; Grant Hunter; Alastair Dunn

Key Clients

Lloyds Banking Group

Dooneen Limited t/a McGiness Associates

American Express Services Europe Limited

Triodos Bank NV

Hastings & Co

Begbies Traynor

Campbell Dallas

Johnston Carmichael

WRI Associates

Coface UK Limited

Work highlights

  • Successfully dismissed an appeal for Dooneen following a claim in the Court of Session against an Insolvency Practitioner regarding who was entitled to a PPI claim where there had been an intervening insolvency.
  • Handled the appointment of joint administrators for Greenlight Environmental.

Gilson Gray has strong capabilities across commercial litigation, debt recovery and insolvency under the joint leadership of Steven Jansch, David Alexander and Craig Darling. Jansch heads up the insolvency and RR&I groups and is also a practising solicitor advocate, Darling leads the business restructuring and recovery department, and Alexander is the key contact for debt recovery work.

Practice head(s):Steven Jansch; Craig Darling; David Alexander

Testimonials

'The firm has the ability to deal with all of its clients' needs.'

'David Alexander's counsel is thorough and professional.'

'Steven Jansch is straight and to-the-point.'

Key Clients

J3 Debt Solutions

Armstrong Watson

Bridging Loans Limited

Leonard Curtis

William Duncan

Anderson Anderson and Brown

Dunedin Advisory

Condies Business Recovery

Begbies Traynor

Campbell Dallas

French Duncan

Grainger Corporate Recovery

Work highlights

  • Acted for Bridging Loans as qualifying floating charge holder in securing an administrator appointment over director-led liquidation proceedings.
  • Represented a trustee in a high-profile bankruptcy involving international proceedings.
  • Successfully acted for an individual in an appeal against an accountant relating to a bankruptcy decision regarding the client's debt arrangement scheme.
  • Advised RSM as liquidator of Techimp Group on an international group company sale transaction.

With a strong focus acting for local insolvency practitioners, Ledingham Chalmers LLP also assists large corporates across Scotland with debt recovery and insolvency matters. The team is led by specialist litigator Tim Thomas from Aberdeen who has considerable experience in mediation and arbitration.

Practice head(s):Tim Thomas

Lindsays' practice fields a multi-disciplinary team including dispute resolution, corporate, technology, commercial property and estate agency practitioners. The group has particular strength in advising creditors and insolvency practitioners and has substantial distressed property experience; it regularly acts on the disposal of commercial property assets and the disposal of residential property assets being sold out of insolvency requirements. Practice head Douglas Millar also leads the dispute resolution group and has substantial experience in the Court of Session.

Practice head(s):Douglas Millar

The department at MacRoberts LLP is recognised for its contentious insolvency advice. Its client roster includes leading insolvency practitioners in Scotland which it advises on a range of matters from applications to fix remuneration to complex litigation in the Court of Session. Recently, the team has handled an increasing number of cross-border insolvencies and has increased its instructions from insolvency practitioners. Insolvency litigator Leon Breakey leads the group, which also includes property expert Ian Bowie. Alan Meek recently moved to Morton Fraser.

Practice head(s):Leon Breakey

Other key lawyers:Ian Bowie

Testimonials

'MacRoberts fields a well-balanced team, which handles both contentious and non-contentious matters. The practitioners are responsive and deliver actionable and practical advice.'

'Leon Breakey is excellent, calm and measured while Sophia Harrison is a rising star and a real team player.'

Key Clients

Campbell Dallas

KPMG

French Duncan

Alix Partners

WRI Associates

Johnston Carmichael

Wylie & Bisset

FRP Advisory

Mazars

Work highlights

  • Instructed by KPMG as supervisor in the CVA of House of Fraser.
  • Acted for The Underwater Centre on an application to place the company into administration.
  • Advised AlixPartners as liquidators of European Development Company, Verase and European Development Holdings on seeking extensions to the three company's administrations.

Shoosmiths' insolvency sector recoveries unit, led by Rod Macphail, specialises in pre- and post-litigation collections, portfolio management and strategic advice, and book debt recoveries for insolvency practitioners. The group also regularly assists lenders, businesses and individuals with the appointment of administrators, liquidators and trustees in sequestration. Stuart Clubb heads up the general insolvency group and has notable expertise in insolvency litigation, and Andrew Foyle is also a solicitor advocate.

Practice head(s):Stuart Clubb

Other key lawyers:Rod Mcphail; Andrew Foyle

Key Clients

KPMG

Grant Thornton

Campbell Dallas

Middlebrooks Business Recovery & Advice

BDO

Johnston Carmichael

French Duncan

MLM Solutions

Condies Business Recovery & Insolvency Ltd

Leonard Curtis

TLT's client roster encompasses liquidators,insolvency practitioners and creditors, and the team also has experience representing companies and directors in liquidation proceedings. The practice specialises in contentious work, pursuing directors for misfeasance, recovering unlawful payments made from company funds and recovering debtors' assets in personal insolvency cases. Alan Munro leads the group.

Practice head(s):Alan Munro

Testimonials

'Alan Munro is a go-to solicitor when it comes to technical insolvency advice with a common sense commercial understanding of what an insolvency practitioner needs. He is very knowledgeable and commercially astute and clearly has a strong interest in this area of law.'

'The insolvency and corporate recovery team at TLT are in my view one of the key legal teams operating in this area in Scotland. They show a consistently professional, practical and commercial approach to all the cases in which we are involved with them. They are also a pleasure to deal with. I would also consider them to be very reasonable from a cost perspective and the level of senior staff involvement.'

'Alan Munro and his team are solution focused and never too busy to help.'

'Alan Munro is always extremely approachable and shows an extremely good understanding of the position of the Trustee/Liquidator/Administrators in insolvency scenarios.'

'Stephen McGowan is the stand out individual in the market on all property licencing matters.'

'Alan Munro is always happy to provide an informed view on any litigation matter and displays a high technical knowledge at all times.'

'Alan Munro is a diligent and very skilled litigator with a non confrontational style which disguises his incisive lines of questioning.'

Key Clients

Greene King Brewing & Retailing

Johnston Carmichael

Scott Moncrieff

Wylie & Bisset

Work highlights

  • Acting for a national accountancy firm on the sequestration of an individual relating to a claim regarding the sale of a Glasgow hotel.
  • Advising a high street bank on an LPA Receiver style product following the sequestration of the borrower, where the bank is the principal secured lender in a substantial buy-to-let property portfolio.

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