The Financial Conduct Authority (FCA) announced late yesterday afternoon how their redress scheme arising from commission paid by motor finance lenders to car dealers will operate. Andrew Foyle has the details. The choice to make the announcement after the financial markets had closed mirrored the S
Shoosmiths
Shoosmiths has announced a total of eight promotions across its corporate, employment and litigation teams in Scotland, effective from 1 April. Kimberley Goh, who joined Shoosmiths as a legal director in 2022 has been promoted to corporate partner. She has been rewarded for her consistently impressi
Shoosmiths in Scotland has strengthened its senior legal headcount with the appointment of William Reid as banking legal director. Based in Shoosmiths’ Edinburgh office, Mr Reid will work closely with colleagues in the real estate and corporate teams, advising clients on matters including corp
The rapid development of digital assets and digital currencies has meant that many legal systems, including Scotland’s, have struggled to keep up, writes Andrew Foyle. The application of 17th century principles to modern blockchain technology has exposed gaps in the way that ownership and poss
Shoosmiths has advised on a flagship letting on behalf of Kadans Science Partner (Kadans) of 40,000 sq ft to Chemify, a pioneer in the development of pharmaceuticals and biotechnology in the Health Innovation Hub (HIH), a new purpose-built life science facility at Govan, in Glasgow. The 87,000 sq ft
Garden Stirling Burnet (GSB) has acquired Shoosmiths’ Scottish will bank. The deal sees the transfer of responsibility of around 1,500 wills to GSB.
Ben Zielinski and Sophie McNally say the UK government's proposed overhaul of payment practices could rebalance the landscape in favour of small businesses. Late payments have long undermined small businesses. According to the government, they cost the UK economy an estimated £11 billion annua
Andrew Foyle analyses the ramifications of a Supreme Court judgment on motor finance commissions, exploring the subsequent uncertainty for lenders and consumers, and the anticipated regulatory response from the Financial Conduct Authority. On 1 August 2025, the Supreme Court issued its judgment in t
The financial woes at notable Scottish universities are making headlines. Faced with rising costs, including staff pension provisions and salaries and new immigration rules (responsible in part for reduced income streams), decision makers at the University of Edinburgh and University of Dundee face
When setting up a limited company or agreeing to be appointed as a director, being aware of your duties to company creditors should the company fail is unlikely to be at the front of your mind, writes Seonaid Sandham. Yet, at a time when Scotland’s corporate insolvencies are 17% higher than th
Legal firm Shoosmiths, which has offices in Edinburgh and Glasgow, has announced its results for the 2023/24 financial year. The firm saw a 6% jump in revenue, up to £206.7 million from £194.1m last year. Its profits also climbed to £66m, a 5% increase from last year’s £
Stuart Clubb, partner, solicitor advocate and joint head of the Scottish dispute resolution and litigation team at Shoosmiths in Edinburgh, will take over as chair of the Edinburgh Insolvency Discussion Group (EIDG) on 1 January 2024. Mr Clubb, who specialises in corporate restructuring and insolven
Shoosmiths has reported a record financial year in FY22-23, with a revenue increase of 7% to £194.1 million. Net profit increased by more than 3% year-on-year to £62.7m, and the firm sustained a strong PEP of £676,000 (marginally up on last year’s £675,000).
Law firm Shoosmiths has officially opened its new office in Edinburgh, part of the £350 million mixed-use development at 1 Haymarket Square, with a jazz and cocktail reception attended by over 150 staff and guests. The Edinburgh-based office represents the first occupancy in Haymarket Square,
Fiona Cameron, banking partner in Shoosmiths’ Glasgow office, examines the significance of the recently passed Moveable Transactions (Scotland) Bill and outlines why it’s likely to be welcomed by Scotland’s banking practitioners and lenders. To the frustration of Scottish banking l

