Mor­ton Fraser boosts pri­vate client unit

The Scotsman - - Business - By SCOTT REID

Le­gal firm Mor­ton Fraser has un­veiled twin deals that will see it boost its pri­vate client of­fer­ing while pulling out of di­rectly pro­vid­ing es­tate agency work.

The firm, which em­ploys more than 270 peo­ple across its of­fices in Ed­in­burgh and Glas­gow, is taking on Ad­dle­shaw God­dard’s ten-strong Scot­tish pri­vate client team as part of a move to fo­cus its pri­vate client of­fer­ing on tax and suc­ces­sion plan­ning for in­di­vid­u­als, fam­i­lies, business own­ers and ex­ec­u­tives. Mean­while, Mor­ton Fraser has agreed terms to take a mi­nor­ity stake in Coul­ters and in do­ing so trans­fer its eight­strong res­i­den­tial prop­erty team to the Ed­in­burgh-based es­tate agency.

The move means that Mor­ton Fraser will no longer di­rectly pro­vide es­tate agency work.

Chief ex­ec­u­tive Chris Harte said the firm would now pos­sess one of Scot­land’s largest pri­vate client of­fer­ings with a team of more than 60 ded­i­cated spe­cial­ists.

He said: “Be­ing an in­de­pen­dent firm means we have the free­dom to de­ter­mine what in­vest­ments will best serve our clients and our peo­ple. These op­por­tu­ni­ties mean we will bring in yet more fan­tas­tic tal­ent to our pri­vate client team while at the same time al­low­ing our res­i­den­tial prop­erty team a great op­por­tu­nity to be part of a lead­ing es­tate agency brand.”

The Ad­dle­shaw God­dard pri­vate client team is led by Gre­gor Mitchell, who will join Mor­ton as a part­ner along­side Euan Flem­ing and a team of eight con­sul­tants, so­lic­i­tors, par­ale­gals and as­sis­tants.

Chief ex­ec­u­tive Chris Harte – ‘op­por­tu­ni­ties’

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