Murray Stable forms insolvency group
7 Aug 08
Nine senior and junior counsel form group in response to economic downturn
The credit crunch and the enveloping recession in the commercial and domestic property sectors have highlighted a growing need for specialist advice on corporate and personal insolvency.
To fill a gap in available legal services for the insolvency professions and the wider community in Scotland, a specialist group of advocates has been formed to provide advice and advocacy on commercial and insolvency matters.
The Murray Stable of Advocates has formed a Commercial and Insolvency Group, composed of nine advocates all of whom have a special interest in developing professional services in this area of law.
Practice manager Iain Murray said the group, including both senior and junior counsel, had been set up to satisfy the accelerating demand for expertise in the insolvency field. "The demand for expertise in the commercial and insolvency areas has definitely increased, and the legal and accounting professions have undoubtedly become more discerning.
"Insolvency work, which has always been cyclical, was big business in the last decade and not just for the accountants."
He added that the senior end of this group included advocates who were prominent the last time the cycle came round.