Maclay Murray confirms six job cuts after redundancy round closes
Maclay Murray & Spens has made two fee earners and four secretaries redundant in its Glasgow private client team after concluding a redundancy round at the firm. The redundancy round concluded earlier this month after beginning in early May.
June 19, 2012 at 07:26 AM
2 minute read
Maclay Murray & Spens has made two fee earners and four secretaries redundant in its Glasgow private client team after concluding a redundancy round at the firm.
The redundancy round concluded earlier this month after beginning in early May.
Chief executive Chris Smylie confirmed the cuts, adding: "There are definitively no more redundancies planned. We've no need to make more, we're entering an expansion phase – that was the purpose of the strategic review. We're continually positioning ourselves for growth in the market."
Smylie said the Scots firm remains committed to its "very strong" private client team, but needs to focus on high-quality, high-value instructions. At the same time, it is bulking up in other areas, with senior appointments expected in the energy-focused Aberdeen office.
The news comes shortly after Maclays confirmed it had considered a merger with Bristol headquartered firm Bond Pearce, a tie-up that would have created a top 35 firm with turnover of around £95m and offices in London, Bristol, Plymouth, Southampton, Aberdeen, Edinburgh and Glasgow. Smylie said a merger between the two firms has not been completely ruled out, but is not being considered at the moment.
Fellow Scots firm Dundas & Wilson completed its own redundancy round in early April, laying off 28 staff across Edinburgh, Glasgow and London following a review of anticipated business needs for the year ahead.
Dundas is currently in the process of electing a new managing partner after Donald Shaw stepped down in March. Partners will also vote tomorrow (20 June) on a new chairman, with incumbent David Hardie standing down after three years of an expected four-year term.
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