November 18, 2024
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Gilson Gray, the recently launched legal firm, has announced two acquisitions as it moves towards its target of £500 million of assets under management (AUM) at its financial management arm.
Angus Macleod, based in both Glasgow and Edinburgh and the Lindsay Practise, base in Edinburgh, will take AUM at Gilson Gray Financial Management to more than £100m. The business which is part of the St James’ Place (SJP) network, has signalled plans to grow to £500m within five years and is looking for more acquisitions to help reach its target. The company, based in both Edinburgh and Glasgow, offers advice on mortgages, investments, pensions, tax planning and protection.
Gilson Gray became the biggest full-service legal firm to open in Scotland in more than 100 years when it launched in May this year, poaching a high number of staff from other law firms across the country. Glen Gilson, its managing partner, said private and corporate client will benefit from receiving expert legal and financial advice from the same firm. He said the two businesses acquired were a strong strategic fit.
“The suite of services we now offer our client is compelling and we want them to benefit from the continuity of getting expert legal and financial advice from a business they can trust, all under one roof.” He said Gilson Gray was expecting to post a £250,000 profit for its first quarter.
The firm has also recently appointed Rob McGregor as associate director of property sales. He joins from Pagan Osborne where he was senior valuer.
“In Rob we’ve attracted yet another high-calibre talent to the organisation and he is already making a noticeable impact to our property services offering.” said Gilson
