Maclay Murray & Spens chairman steps down
Chairman's exit comes after the collapse of merger talks between Maclays and Addleshaw Goddard
March 28, 2016 at 07:03 PM
4 minute read
The original version of this story was published on Law.com
Maclay Murray & Spens chairman Robert Laing has announced that he will retire from the firm at the end of May.
The firm has already elected his replacement, with corporate partner Michael Livingston taking over the chairman role from 1 June.
Corporate finance partner Laing, who was elected as chairman in 2010, has been at the firm for 32 years.
Livingston has a wide-ranging practice with particular expertise in advising insurance, banking and investment trust clients. He has previously been a member of the firm's board and is the longest serving partner in the firm's financial services team.
Maclays chief executive Kenneth Shand said: "Given his vast experience of the firm and the markets in which we operate, Michael's election is a clear signal of the partnership's ambition to achieve continued success for the firm, our staff and clients."
Livingston said Laing's contribution to the firm "cannot be overestimated".
He said: "He has played an instrumental role in developing Maclays into one of the most highly regarded commercial law firms in the UK and we wish him all the best in his retirement."
The change at the top of the firm follows the failure of merger talks between Maclays and Addleshaw Goddard last year.
It emerged the pair were in talks in November 2015 but in February 2016 the talks collapsed.
At the time of the talks collapsing, a spokesperson for the firm said: "We are resolutely committed to growing the firm, organically; through lateral hires; strategic acquisitions; or mergers."
Maclays also held merger talks with legacy Bond Pearce during the 2011-12 financial year. Bond Pearce subsequently merged with northeast firm Dickinson Dees in May 2013 to form Bond Dickinson.
Maclay Murray & Spens chairman Robert Laing has announced that he will retire from the firm at the end of May.
The firm has already elected his replacement, with corporate partner Michael Livingston taking over the chairman role from 1 June.
Corporate finance partner Laing, who was elected as chairman in 2010, has been at the firm for 32 years.
Livingston has a wide-ranging practice with particular expertise in advising insurance, banking and investment trust clients. He has previously been a member of the firm's board and is the longest serving partner in the firm's financial services team.
Maclays chief executive Kenneth Shand said: "Given his vast experience of the firm and the markets in which we operate, Michael's election is a clear signal of the partnership's ambition to achieve continued success for the firm, our staff and clients."
Livingston said Laing's contribution to the firm "cannot be overestimated".
He said: "He has played an instrumental role in developing Maclays into one of the most highly regarded commercial law firms in the UK and we wish him all the best in his retirement."
The change at the top of the firm follows the failure of merger talks between Maclays and
It emerged the pair were in talks in November 2015 but in February 2016 the talks collapsed.
At the time of the talks collapsing, a spokesperson for the firm said: "We are resolutely committed to growing the firm, organically; through lateral hires; strategic acquisitions; or mergers."
Maclays also held merger talks with legacy Bond Pearce during the 2011-12 financial year. Bond Pearce subsequently merged with northeast firm Dickinson Dees in May 2013 to form Bond Dickinson.
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