Morton Fraser and MacRoberts confirm merger plans
Morton Fraser and MacRoberts have agreed a merger in a move that see them become one of a "big four" of independent law firms in Scotland.
The combined firm will have a total staff of about 250 and annual revenue in the region of £46m, which they claim to be more than 30% ahead of their next nearest rival, and almost 20% ahead of their 2021 performance. Both firms have delivered revenue and profit growth in recent years.
Work is now underway to create a new brand identity for the combined business, which will be known as Morton Fraser MacRoberts LLP. Subject to regulatory and other approvals, the merger is projected to go live on 1 November 2023.
Chris Harte, currently CEO of Morton Fraser, will become CEO of the merged business. Neil Kennedy, managing partner of MacRoberts, is to become chief operating officer.
Mr 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.”
Mr Kennedy added: “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.”