McClure Naismith has gone into administration, with the loss of over 30 staff jobs, although almost all of the partners have moved to new firms.
The firm was still insisting three weeks ago that it was not "in any difficulty whatsoever", having failed to file its accounts for over six months. Most staff only discovered that it was speaking deep-fried bollocks a week later when Executive Chairman Robin Shannan emailed them a link to an interview he'd given to the Sunday Herald in which he admitted that the firm was looking for a saviour. RollOnFriday promised to eat its orange hat if administrators were not appointed within days. Sadly the headgear remains safe: last Friday McClure Naismith called in FRP Advisory to start selling it off.
By Monday the locks had been changed and over 30 staff were out of work: back from their summer holidays, staring at no salary, no job and with no notice.
Tip Off ROF
The firm was still insisting three weeks ago that it was not "in any difficulty whatsoever", having failed to file its accounts for over six months. Most staff only discovered that it was speaking deep-fried bollocks a week later when Executive Chairman Robin Shannan emailed them a link to an interview he'd given to the Sunday Herald in which he admitted that the firm was looking for a saviour. RollOnFriday promised to eat its orange hat if administrators were not appointed within days. Sadly the headgear remains safe: last Friday McClure Naismith called in FRP Advisory to start selling it off.
By Monday the locks had been changed and over 30 staff were out of work: back from their summer holidays, staring at no salary, no job and with no notice.
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Shannan reassures staff that they're all in it together |
By contrast those responsible for McClure Naismith's catastrophic failure have parachuted to safety. 23 of the 26 partners have secured new jobs, including Shannan, who along with four other partners is now sitting pretty at Maclay Murray Spens. MMS is taking on thirty other McClure staff who worked closely with the fleeing partners. Five more partners have jumped to Harper MacLeod, four to London firm Marriott Harrison, three to Burness Paul and the remaining six have joined other practices.
It is not known how long Shannan was negotiating the terms of his feathered nest before his own firm sank as he did not respond to requests for comment.
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Sounds a lot like Dewey's London mis-managing partner Peter Sharp.
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Whatever ... I suggest you get back to playing Minecraft and leave the discussion of serious matters to the adults. There's a good little oik.
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A large number of people have lost their livelihoods under his watch. Whilst this nightmare was unfolding Shannon did the entirely honourable thing of racing around to make sure that he and his mates were OK. A cape and waxed moustache wouldn't go near it.
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