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Legal eagles hail flying end to 2013

McCLure Naismith, one of Scotland's oldest legal practices, has hailed a "flying end to 2013" after the sale of two international airports in one week and a clutch of new business wins.

In late November, the firm advised on the sale of Prestwick and Manston airports for New Zealand-based client Infratil, followed by the purchase of Livingston Designer Outlet on behalf of client LaSalle Investment Management for £52 million.

In a controversial move, Prestwick airport passed into public ownership in November after being bought by the Scottish Government for £1 after incurring annual losses of £2m.

The last quarter saw McClure Naismith's dispute resolution team appointed to represent an unnamed Fortune 200 company while working across all three offices towards trial on a number of major commercial litigations.

Commercial property work increased significantly during the final quarter, including appointments on BPRA (business premises renovation allowance) projects, an area in which the firm claims to be the UK market leader.

Other major wins during the last quarter include appointment to a collaborative multiple supplier framework agreement for legal services to the Highland Council, Comhairle nan Eilean Siar, Orkney Islands Council and Shetland Islands Council. Finally, the firm was appointed to advise on a substantial data centre joint-venture project.

"It has been a flying end to 2013 and the pipeline for 2014 is looking particularly encouraging" chairman Robin Shannan said. "McClure Naismith has won high- profile work across a number of areas and there is a marked increase in referrals between our London and Scottish offices, reflecting the increasingly integrated UK wide offering of McClure Naismith in many of its practice areas, particularly commercial litigation, property, capital markets and financial services.

"2014 is set to be a great and busy year in which we will be working flat out."

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