Mixed fortunes for mid-market in tough Scots climate

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TLT’s recent takeover of niche Scottish firm Anderson Fyfe is the latest chapter in a flurry of movement among mid-market firms in Scotland trying to secure their futures amid pernicious market conditions.

The Bristol-based firm is set to acquire Anderson Fyfe’s Glasgow and Edinburgh operations from July, while simultaneously launching a Northern Ireland practice through the lateral hire of banking litigation partner Katharine Kimber from Belfast firm Wilson Nesbitt Solicitors.

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Why keeping it low key can be shrewd

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On the face of it, news that Bristol-based TLT is to open simultaneously in Scotland, by acquiring niche firm Anderson Fyfe, and also in Belfast, by hiring a small team of local lawyers, is hardly earth-shattering.

But while the news may be dominated by major international firms’ expansion plans in Asia, or even significant full-scale tie-ups such as McGrigors and Pinsent Masons, you could argue that, relatively speaking, low-key moves such as TLT’s make better strategic sense for all concerned.

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