Working for Anderson Shaw & Gilbert (ASG) is part of Ledingham’s national growth plans and building a business with annual revenues of around £14 million and a workforce of 196 including 29 partners All 19 ASG employees join Ledingham Chalmers.
ASG’s commercial, industrial, rural and private client groups trade property under the Ledingham Chalmers brand with Joe Duncan joining as trading partner. Meanwhile, his estate agency name will remain, with Findlay Boyd as managing partner and Iain McDonald as managing director. This will complement the work of Ledingham Chalmers Estate Agency, following the transfer of Simpson & Marwick’s north-east agency in 2019, becoming one of Aberdeen’s largest estates for number and value of property sold.
Ledingham Chalmers managing partner Jennifer Young hailed the deal as an important milestone in the firm’s strategy to double its revenue to £25m by 2025.
He said: “The strategic acquisitions are part of our ambitious growth plan to double our revenue to £25m by 2025. This will bring in commercial, corporate and independent client expertise. and ASG to our firm, the latest step in our commitment to actively pursue acquisition and consolidation opportunities across Scotland – including the Central Belt – to add measurable value to clients. Locally, this is a significant milestone in the development of our Inverness office where our offering has grown over the last two years as well as continuing to serve as a client base from public sector, and private business law practice, to the full-service model that has served us well in Aberdeen.
The ASG was established in the 1880s and provides legal advice to individuals and business clients throughout the north of Scotland. The Church Street area will be home to all real estate firms, transporters and private workers. Currently, the corporate, rural, litigation and employment law teams operate from the existing Kintail House premises of Ledingham Chalmers. The commercial property team is spread over two offices.
Boyd said: “This is a mutually beneficial process and an opportunity for ASG to join a larger group of lawyers who provide a wider range of advice and what a fantastic service it is for clients from first-time buyers looking for a home, to multinationals considering international mergers and acquisitions. All buyers can expect a seamless transition, and we’ve contacted them to find out why. they expect in the coming days and weeks, including continuing to contact them.”
Last month, Ledingham Chalmers said it had set aside £200,000 to support staff to tackle the rising cost of living as it posted record profits. The firm’s financial results for 2021/22 showed the highest turnover – £12.8m – since becoming a limited liability partnership (LLP) in 2006. The changes for the group, including the Ledingham Chalmers Financial group, reached £13.6m, compared to £12.3m in 2020/21. Group profit rose to £4.1m from £4m last year.