Two of Scotland’s most important law firms have agreed to merge in a move they say will create a “new, top-tier independent firm in Scotland.”
Morton Fraser and MacRoberts said they will immediately double in size and scale, entering the”‘top tier” of Scottish law firms.
They said that as part of Scotland’s “big four” independent law firms, the newly merged firm will be over 30% larger by turnover than its nearest rival.
The combined firms have delivered revenue growth of almost 20% since 2021.
The merged firm, Morton Fraser MacRoberts LLP, will have 250 solicitors and £46 million in annual revenues.
Work is underway to create a new brand identity for the combined business. Subject to regulatory and other approvals, the merger is projected to go live on November 1, 2023.
Chris Harte, currently CEO of Morton Fraser, will become CEO of the newly merged business, Morton Fraser MacRoberts LLP.
Neil Kennedy, managing partner of MacRoberts, is to become chief operating officer.
Harte said: “The time has come for a new style of law firm within Scotland’s top tier.
“Morton Fraser and MacRoberts are complementary firms, built on similar values.
“We are both known for our user-friendly, people-centred approach and those qualities will continue to drive our thinking for the future.
“By merging, we will compete even more strongly in our chosen markets, while offering something truly unique for the top tier.”
Kennedy said: “This is a great move for our people and our clients.
“Joining our collective talents and resources will help us to accelerate our growth, offering greater strength in depth and more wide-ranging services to clients.
“We are committed to excellence at every turn and will be focusing heavily on how our newly merged business can invest in talent and technology. It is an exciting time.”