Shoosmiths merger will see cross-border recoveries workflow
A merger between Shoosmiths and Edinburgh-based Archibald Campbell and Harley will see both firms establish a UK-wide recoveries presence, while ‘challenging’ the market in Scotland.
The new business will be known north of the border as ACH Shoosmiths, and will go live in the autumn subject to regulatory approval. This will be the firm’s ninth office.
Waine Mannix, Shoosmiths partner and head of its Recoveries Services Group, said the workflow will not just be north to south: “This merger and the creation of ACH Shoosmiths mean we both extend our footprints, giving a true UK presence, something that many of our clients have been asking us to provide.
“It won’t all be one-way traffic, though. What will be our Edinburgh office will be doing work for clients south of the border, while those of us based in England will work for clients based in Scotland.
“As well as mutual clients in the recoveries sector, crucially we share a common approach to recoveries work and are committed to high service levels.
“Archibald Campbell & Harley has proved itself very strong on B2B work, while we have an excellent reputation with lenders. We will leverage that strength and depth in lender recoveries to challenge the existing market in Scotland.”
Shoosmiths’ Recoveries Services Group brings together recoveries for two sectors – lenders and B2B. Clients include UK and European banks, finance houses, major building societies, manufacturer-owned motor finance companies, and independent asset finance and motor finance companies, together with major corporates and plcs.