North Sea deals help boost turnover for Pinsent Masons

Richard Masters chairman for Scotland and Northern Ireland at Pinsent Masons
Richard Masters chairman for Scotland and Northern Ireland at Pinsent Masons

International law firm Pinsent Masons said yesterday it notched up turnover growth of 7% to £482 million during its 2018-19 trading year.

Pinsent, whose Scottish operations include offices in Aberdeen, Edinburgh and Glasgow, said key projects during the period included the £50m sale of a portfolio of offshore wind farms by Scottish Equity Partners and Ithaca Energy’s £2 billion acquisition of Chevron’s North Sea oil and gas assets.

The firm estimated its Scottish turnover was £77m, also a year-on-year increase of 7%.
Pinsent employs 60 partners, lawyers and support staff at its Queen’s Road office in

Aberdeen, where corporate, oil and gas and employment specialists work on some of the largest mergers and acquisitions in the North Sea.

Richard Masters, chairman of the group’s business in Scotland and Northern Ireland, said: “It has been a successful year for our Scottish offices.

“We continue to secure mandates from global clients to advise on some of the most complex and valuable corporate deals which take place in Scotland, in addition to advising Scottish-based businesses with international operations.”

Globally, the London-based firm opened its eighth international officein four years and diversified.

Managing partner John Cleland said: “We’re continuing the transformation of our business from an expertise-based law firm into a modern, international professional services business with law at its core.”

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