Department profile
Shepherd and Wedderburn LLP

Restructuring/Insolvency

UK Guide 2026 : Scotland


Shepherd and Wedderburn LLP

Rankings

About

Provided by Shepherd and Wedderburn LLP

The Corporate Restructuring and Recovery team of lawyers has exceptional experience in the sector including:

  • Turnaround assignments and workouts​
  • Administrations, liquidations and all forms of formal insolvency appointments
  • Strategic advisory work for banks on distressed connections
  • Strategic planning for distressed businesses
  • Business rationalisation
  • Debt management and restructuring
  • Complex contentious insolvency
  • Loan portfolio acquisition and disposal

We have one of the largest and most established corporate, restructuring and recovery teams in Scotland. All partners within the core team are ranked within their field by the legal directories and the team is led by Scotland’s Star Individual, Yvonne Brady (Chambers 2013, 2014, 2015 & 2016), placing the team in an unrivalled position within the market.

Outwith our core team, we are supported by a team of experts who have extensive experience in all aspects of restructuring and insolvency. With over 45 fee earners with UK wide corporate, banking, insolvency and contentious experience ready to assist where required, we are able to quickly understand our clients’ position and provide commercial advice in the short timeframes required.

Chambers Review

Provided by Chambers

Restructuring/Insolvency - Scotland

Band 2

Band 2


What the Team is Known For

Shepherd and Wedderburn has a specialist restructuring team that boasts international capabilities. It offers particular expertise in the financial services, retail, and hotel and leisure sectors, acting for a strong client base of leading businesses, financial institutions and accounting firms.

Work Highlights

Provided by Chambers

  • Shepherd and Wedderburn acted for the liquidators of Oban Phoenix Cinema, assisting with a number of issues including the sale of the venue.

Strengths

Provided by Chambers

  • Shepherd and Wedderburn are a large firm with excellent experience across different practice areas. They have a number of highly skilled individuals and offer good strength and depth.

    Restructuring/Insolvency respondentUK
  • Shepherd and Wedderburn provide invaluable support and they have deep knowledge and understanding of our issues.

    Restructuring/Insolvency respondentUK
  • They offer excellent knowledge of the local Scottish market. They are extremely responsive to our needs and are available at short notice to get involved in what can be time-consuming, complex issues.

    Restructuring/Insolvency respondentUK
  • The team has a client-focused mentality.

    Restructuring/Insolvency respondentUK

Notable Practitioners

Provided by Chambers

  • Band 1Fiona McKerrell
    Band 1Fiona McKerrell

    Fiona McKerrell

    Fiona McKerrell is head of the restructuring and insolvency department of Shepherd and Wedderburn. She has a distinguished background of providing sound counsel on restructuring assignments and acting for distressed companies and directors. Much of her work has cross-border dimensions.

    • Fiona is an excellent lawyer who is highly experienced and easy to work with.

      Restructuring/Insolvency respondentUK
    • Fiona is faultless. She gets the right commercial answer with technical support I can rely on.

      Restructuring/Insolvency respondentUK
    • Fiona delivers an excellent service and provides excellent advice to clients which is very clear. This allows decisions to be made on an informed manner, often within tight timeframes.

      Restructuring/Insolvency respondentUK
    • Fiona is highly adaptive, commercially focused and has very strong technical knowledge.

      Restructuring/Insolvency respondentUK
    • Fiona is a very experienced and well-respected operator in the Scottish insolvency market. She has a wealth of experience and provides pragmatic, commercial advice.

      Restructuring/Insolvency respondentUK
  • Band 2Gillian Carty
    Band 2Gillian Carty

    Gillian Carty

    Gillian Carty leads the contentious side of the practice in Edinburgh. She is a seasoned and highly respected litigator who advises on complex insolvency proceedings. She is a certified insolvency practitioner and is a leading authority on directors' duties and misconduct.
    • We received excellent advice from Gillian. She is a very clear thinker who is concise in her advice.

      Restructuring/Insolvency respondentUK
    • Gillian is very commercial and shows good understanding when weighing up the pros and cons of taking a case forward.

      Restructuring/Insolvency respondentUK
    • Gillian is wonderful. She is an expert in insolvency litigation and she is meticulous with details.

      Restructuring/Insolvency respondentUK

Ranked Individuals at Shepherd and Wedderburn LLP (2)

Scotland

Members

Provided by Shepherd and Wedderburn LLP

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