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Shepherd and Wedderburn

Work 0131 228 9900
Fax 0131 228 1222
551970 EDINBURGH-53

Dr Hamish Patrick

Work 0131 473 5326
Shepherd and Wedderburn

Work Department

Corporate – banking and finance.


Hamish is a partner in the finance and restructuring group and has a broad practice in debt finance and restructuring, including conventional corporate banking, asset finance, receivables finance, derivatives, capital markets, innovative funding structures and funding restructuring and reorganisation. He is also involved in policy, systems, regulatory and opinion work for financial institutions and in law reform with government and other public and private sector stakeholders. Hamish has, in particular, played a leading role throughout his career in the development of market standards and innovations in securitisation, in structured funding using Scottish limited partnerships and in cross-border mechanisms for restructuring and enforcement of debt, through co-ordinated insolvency and otherwise. Hamish’s clients include central institutions, UK clearing bank groups and European, North American, Asian and other financial institutions, funds and other funders as well as borrowers and public bodies. He has a PhD in cross-border security and insolvency and speaks and publishes regularly on finance, security and insolvency issues.


Tods Murray 1987-2014 (partner from 1992); partner, Shepherd and Wedderburn LLP 2014 to date. Publications of note: European Cross-Border Insolvency (Scottish Chapter), Sweet & Maxwell; Cross-Border Insolvency (Scottish Chapter), Globe Law & Business.


Law Society of Scotland (banking committee member); Association of Business Recovery Professionals (R3); Insolvency Lawyers Association; Steering Committee, English Secured Transactions Project; Consultative Committee, Scottish Law Commission Moveable Transactions Project. Publications of note: European Cross-Border Insolvency (Scottish Chapter), Sweet & Maxwell; Cross-Border Insolvency (Scottish Chapter), Globe Law & Business; The Law of Financial Collateral (Scottish Chapter), Edward Elgar


University of Edinburgh (1984 LLB Hons First Class; 1985 Dip LP; 1994 PhD).

Scotland: Finance

Banking and finance

Within: Banking and finance

Shepherd and Wedderburn undertakes high-end, big-ticket banking and finance transactions on a Scotland and UK-wide basis. Rod MacLeod, Hamish Patrick and Andrew Kinnes have an outstanding reputation in the funds finance space, and the latter two individuals are also well-known for their securitisations experience. In addition, the firm assists clients with real estate finance, leveraged finance, asset-based lending and debt capital markets transactions. In 2017, Patrick Bell and senior associate Lucy Hall acted for FairBriar in the £94.7m financing of the development of the 24.5 acre Middlewood Locks mixed-use scheme in Salford, Greater Manchester. Iain Wishart and senior associate Peter Alderdice advised Gatehouse Bank (a wholly Shariah-compliant investment bank) on the Islamic financing aspects of its circa £60m acquisition of Consort House and Bridge View in Aberdeen; this was one of the largest Islamic finance deals in the Scottish market in 2017. Practice head Fiona Buchanan led a team which acted as sole Scottish counsel to Cerberus European Investments as the seller in a £968.5m securitisation of residential mortgage-backed notes issued by Towd Point Mortgage Funding 2017-Auburn 11 Plc. Clare Foster heads up the clean energy and project finance practices. Senior associate Neil Cowan is also recommended.

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Insolvency and corporate recovery

Within: Insolvency and corporate recovery

Shepherd and Wedderburn's 'strength across the partner base exceeds that of many other firms', and its heavyweight team is led by Yvonne Brady, who 'sets the benchmark for the level of support an adviser can provide'. In addition to Brady, the other highly rated partners in the core restructuring and insolvency team are Fiona McKerrell, Gillian Carty and Hamish Patrick. The group provides advice on a comprehensive range of matters, such as loan portfolio acquisitions and disposals, turnarounds and workouts, administrations and liquidations, and contentious insolvency situations. Real estate partner John Gallacher is knowledgeable about the property-related aspects of insolvencies.  Allana Sweeney and Andrew Scott are notable senior associates in the team. In 2017, Brady, Gallacher and Sweeney acted for FRP Advisory LLP in the pre-pack disposal of Pagan Osborne Limited's business to Thorntons Law LLP. A team led by Patrick advised the holders of US private placement bonds on the Scottish schemes of arrangement relating to Premier Oil Plc and Premier Oil UK Limited. Another highlight involved assisting KPMG LLP with the administration of Arran Aromatics (now known as AAL Realisations Limited).

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