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Reframing what it means to be a leading Scottish law firm
Healthcare Team As one of Scotland’s leading healthcare teams, we understand that each profession has unique challenges, opportunities and regulatory considerations.
Our multi-disciplinary team stays on top of sector developments and enjoys excellent relationships with other key healthcare advisers. This includes accountants, surveyors, valuers, brokers and lenders, and allows our clients’ practices to thrive and focus on patient care.
How we can help Our team members are experts in Corporate Law, Partnership Matters, Employment Law, Commercial Real Estate, Banking & Finance, Data Privacy and Dispute Resolution.
We are market leaders in the pharmacy sector – in 2023 alone, we have acted in pharmacy transactions with an aggregate deal value exceeding £50m. We also represent a significant number of GP practices across Scotland and are regularly asked to speak at industry conferences for GPs, practice managers and dentists.
Where we operate Aberdeen, Dundee, Edinburgh, Glasgow
Areas of expertise • Acquisitions & Disposals • Practice Mergers • Succession Planning • Partnerships Agreements • LLP Conversions • Employment Law • Disciplinary Matters • Property & Leasing • Banking & Finance (incl. GP Sustainability Loans) • Data Privacy • Dispute Resolution • Regulation & Compliance
Case Study In 2023, Blackadders LLP completed the purchase of 37 chemist shops for clients across Scotland from Lloyds Pharmacy in deals worth a total of more than £35 million.
Lloyds has been carrying out a divestment programme in Scotland (Project Sapphire) and 18 Blackadders’ clients took the opportunity to purchase outlets. Some expanded their portfolio and others were bought by young pharmacists starting out on their ownership journey.
The deals involved multiple parties including financial backers, banks and selling agents.
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scottishpharmacist.com
Richard Wilson, Director said: “This is an area we specialise in and pulling these deals together was a fantastic team effort across the country. Our clients now have new businesses and tremendous opportunities to grow their ventures under their own brands.”
Completed deals were spread across Scotland including outlets in major markets like Glasgow, Paisley, Aberdeen, Edinburgh and Perth and more remote branches including Rothesay.
One client bought 11 outlets and Blackadders have been involved in around 20% of all the sales of Lloyds’ branches in Scotland.
John Elder said: “Pulling all these deals together in a relatively short space of time was a challenge but once the team got into the swing of it, we managed to secure all the outlets our clients wanted. Looking ahead, we expect there to be further activity deal activity across the sector in the coming months”
Blackadders have been involved in the pharmacy sector for many years and deal with clients across the country. The team works with young chemists as well as established operators and hopes to continue to support them in the future as their businesses grow and expand.
Blackadders have also been involved in other Lloyds Pharmacy sale deals with Banking &
Finance Partner Suzi Low and her team acting for the Bank of Scotland in lending to a number of non-client buyers.
Blackadders has enjoyed a highly successful 12 months with increased activity across its business services group. Several high-profile hires across the firm have added to the team, including Suzi Low’s promotion to partner, Ian Angus joining the Aberdeen office in Rural, Land & Business, Fiona Muirs joining as Partner in Dispute Resolution in the Edinburgh office and Gillian Donald starting as Partner in Employment, based in Aberdeen.
About Blackadders The firm has recently developed a bold new brand under the leadership of Joint Managing Partners, Emma Gray and Ryan McKay. The black and yellow colours traditionally associated with Blackadders have been replaced by a fresh aqua and purple colour palette as well as a simpler typeface.
The philosophy behind the new brand is to help Blackadders to break down some of the complexities associated with law firms and to present itself, both visually and verbally, as a modern, national, transparent and human law firm.
Blackadders has ambitious plans to become a top five Scottish firm within a few years and has also set its sights on being the employer of choice for the legal sector.
John Elder, Partner
Suzi Low, Partner
Kirk Dailly, Partner
Richard Wilson, Director
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