April 19, 2024
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Gilson Gray LLP is the largest full service offering law firm to have opened in more than a century. With offices in Glasgow and Edinburgh, the firm provides law, property and finance services to a wide range of clients.
Steve Jansch tell us more about his role. “I head up our contentious insolvency team and am regularly instructed on a wide range of matters,” he begins. “I work mainly for IPs, directors, financial institutions and alternative finance providers as well as other lawyers and law firms who are based in Scotland or aboard for commercial litigation and in particular Insolvency matters.”
Jansch provides a brief rundown of the insolvency sector. “The sector as a whole has seen massively decreased workloads, both in terms of volumes of appointments and, in my opinion, in terms of quality of appointments. The numbers of appointments in Scotland have hit a six year lo, around 4% year on year in personal insolvencies and a huge 22% year on year decrease in corporate insolvencies. The ability for corporate or personal rescue and recovery or turnaround is also a lot less prevalent with the problem of what recently been termed with the problem of what has recently been termed “Shadow Insolvencies” (where companies disclose zero assets on a liquidation) being like to increase.”
Gilson Gray ensures it stays oat the cutting edge of emerging trends to differentiate itself from competitors, as Jansch embellishes: “Dynamic, personal, and able IPs expect the very best from all of their agents and lawyers are not immune from that. We strive to meet the same high standards I say make a good IP. By getting to know and staying close to our clients we ensure that we stay alive to emerging trends and practical issues. We also take active involvement in discussion group an governing body events and when that is added to our regular appearances in Court that ensures that we ramain prepared for and at the cutting edge of this fast paced industry.”
With regards to the future, Gilson Gray is certainly not resting on its laurels. “We started as a new firm on 1 May 2014,” enthuses Jansch. “We are in the fortunate position of being very busy and have expanded our offering significantly in this area with the addition of the Business Restructuring and Recovery department, head up by Craig Darling. We closely work with our Debt Recovery Team, led by David Alexander, and significant new client and new contract wins for them is likely to result in an increase in the Insolvency workload too. We will most likely look to expand our team in the next year in response to that increased demand.”
