The Restructuring and Business Advisory team of lawyers has exceptional experience in the sector including:

  • Strategic advisory work for banks on distressed connections
  • Strategic planning for distressed businesses
  • Turnaround assignments and workouts
  • Business rationalisation
  • Debt management and restructuring
  • Administrations, liquidations and all forms of formal insolvency appointments
  • Loan portfolio acquisition and disposal
  • Complex contentious insolvency

We have one of the largest and most established corporate, restructuring and recovery teams in Scotland. All partners within the core team are ranked within their field by the legal directories. Gillian Carty and Fiona McKerrell are both top-ranked lawyers in Chambers and Partners, placing the team in an unrivalled position within the market.

Outwith our core team, we are supported by a team of experts who have extensive experience in all aspects of restructuring and insolvency. With over 45 fee earners with UK-wide corporate, banking, insolvency and contentious experience ready to assist where required, we are able to quickly understand our clients’ position and provide commercial advice in the short timeframes required.

We have sector experts, experience in working on stressed and distressed corporate assignments including oil & gas, energy, retail, education, healthcare and hospitality. We act for a range of banks, insolvency practitioners and businesses on all issues arising in the restructuring and insolvency sector. We are the preferred provider for a number of our bank and insolvency practitioner clients, which include major banks and accountancy firms (including Clydesdale Bank, Lloyds Banking Group, KPMG, EY, PwC, FRP Advisory LLP and Deloitte) cover most of the large players in Scotland (and the UK). They choose to instruct us in relation to difficult, sensitive, high quality and high value matters

We have particular in-depth experience of: complex restructuring and trading administrations in a number of sectors including regulated oil and gas servicing, ship building, haulage, real estate development, education, hotel and leisure and IT; large scale portfolio acquisition; disposal and contentious insolvency (e.g. around directors duties; claims against insolvency practitioners and professional indemnity claims arising in insolvency), and; funding contentious claims in insolvency (see our Funded Disputes page for more information on this subject).

Our strong, focused and dedicated team of solicitors include experts qualified in both Scotland and in England and Wales. This means we can act as the sole legal provider on behalf of clients operating across the UK. When it comes to international matters, we regularly call on the services offered by our World Services Group partner firms.

Our lawyers are known for their pragmatic, commercial approach, speed of response and first class strategic advice in complex projects.

  • An exceptionally high level of technical legal knowledge combined with a very practical and commercially focused attitude.

  • The sophistication in legal service as well as responsiveness has marked them out as number one. They are great value for money and I would look to them for complex matters as they have that level of sophiscated advice.

  • Their continued support is excellent, their technical ability superb, and they are extremely personable, making them a delight to work with.


Ernst & Young LLP
Acted for the Joint Administrators in all matters relating to the administration of the T.O.M Group of companies, including acting in the sale of a Scottish car dealership and the disposal of the English hire business.
Acted in the pre-pack disposal in certain of the business and asset of Capital Cooling Limited, a specialist refrigeration business.
FRP Advisory LLP
Acted for the Administrators in the disposal of the legal firm Pagon Osborne LLP to Thorntons Solicitors.
Morgan Stanley and other funders
Funding of sale by UK Asset Realisation to US Cerberus fund of most of the remaining Northern Rock loan book. We were required to structure the Scottish aspects of the deal, thought to be the largest financial asset sale to date by a European government.