Shepherd and Wedderburn reported 4.1% revenue growth to £ 59.3million as of April 30, 2021, with profit before partner distributions up 13% to £ 25.3million sterling.

In recognition of colleagues’ resilience, adaptability and exemplary commitment to clients during these most difficult years, colleagues received an exceptional bonus of 5% of annual salary in addition to bonuses payable in the within the framework of the bonus program linked to the performance of the company.

Highlights of the past year include:

  • the acquisition of a 20-person Scottish private client team from Dentons, creating one of Scotland’s largest private and tax management firms;
  • the promotion of four lawyers to the rank of partner and two to the position of general counsel, three of whom began their legal careers as interns at the firm;
  • promotion of 12 lawyers to the rank of Senior Partner and five to the rank of Partner;
  • the appointment of 14 newly qualified lawyers;
  • obtaining three hires of lateral partners and two directors;
  • obtain the highest possible accreditations as an investor in people (Platinum) and investor in young people (Gold);
  • Be ranked among the 75 Best Employers in the Social Mobility Employer Index 2020 by the Social Mobility Foundation, demonstrating the company’s continued commitment to fostering a diverse and inclusive workplace;
  • being named Regional / Offshore Firm of the Year at the Legal Business Awards in recognition of effective leadership, impressive financial performance and increased market share;
  • commit to achieving zero net greenhouse gas emissions by 2030 and sign the Edinburgh Climate Pact; and

  • Continue the firm’s investment and growth in its award-winning Smarter Working unit, which supports clients by applying legal technology solutions to streamline processes, improve efficiency and help manage legal costs of large-scale projects. Recent assignments of the unit include implementing a bespoke case management, automation and reporting platform for Virgin Money to manage loan transfer to SMEs as part of RBS Incentivized Switching. Scheme, and project work for a major client in the energy sector.

The company has experienced strong revenue growth across all of its divisions. Shepherd and Wedderburn’s corporate finance team advised 75 corporate finance deals worth a total of £ 7.1bn in the year ending December 2020, an increase of 18% compared to the total value of its transaction in 2019. Client activity was particularly strong in energy and clean technology transactions, underscoring the firm’s reputation in these fast growing and innovative sectors. Shepherd and Wedderburn’s banking team advised 101 transactions worth a total of £ 128.4bn in the past fiscal year, a 99% increase in value from the same period a year earlier .

Business, affairs, and notable expert panel appointments over the past 12 months include:

  • be appointed sole legal adviser, in matters of corporate legal services, to the Scottish National Investment Bank and be reappointed to the legal panels of Virgin Money and the University of Edinburgh;
  • advice on a range of clean energy projects for clients including the Moray Offshore group (in connection with the Moray West wind farm project); Five Estuaries Offshore Windfarm Limited (in connection with the extension of the Galloper offshore wind farm) and BayWa re UK Limited (in connection with the sale of the Inverclyde wind farm);
  • in the technological sector:
    • acting for Epic Games, a leading developer and publisher of video games and video game engines, in its acquisitions of Tonic Games, an award-winning game developer, SuperAwesome, a pioneer in the kidtech market , and Cubic Motion, a supplier of facial animation technology products;
    • exclusive advisor to Bigblu Broadband plc, listed on AIM, in connection with the sale of its European satellite broadband activities to Eutelsat SA, listed on Euronext;
    • represented IndigoVision Group plc, the AIM-listed video surveillance company, in connection with its acquisition by Motorola Solutions;
  • acting for the Scottish Professional Football League by successfully defending the £ 10million claim filed by Heart of Midlothian FC following the decision to end the season earlier due to the pandemic; and
  • acting for Baillie Gifford by agreeing to a 280,000 square foot 20 year pre-lease in the £ 350 million Haymarket Edinburgh development.

The firm has reviewed its strategy for the next three years and embarked on an ambitious growth plan which aims to build on Shepherd and Wedderburn’s reputation for quality and service by focusing on the firm’s core strengths and sectors with strong growth prospects.

Andrew Blain, Managing Partner of Shepherd and Wedderburn, said: “The past year, which has been unprecedented, has presented many challenges for both the firm and our clients, and it is encouraging to see the firm perform strongly. in such circumstances. I would like to thank all of our clients for continuing to trust us as their trusted legal advisor, and to thank my colleagues for their adaptability, support and commitment.

“Last year’s performance provides a solid foundation from which to implement our growth strategy for the next three years, which will allow us to continue investing in our people and technology to ensure we continue to provide innovative and high quality services to meet the changing needs of our customers.

“Our in-depth expertise and the quality of our lawyers position us well to help our clients seize the opportunities that will arise as the pandemic emerges, in particular the positive changes needed to combat climate change and ensure a green and sustainable recovery. . ”