Shepherd & Wedderburn acquire Tods Murray, anticipate layoffs

October 6, 2014 Shepherd & Wedderburn has acquired Tods Murray out of administration. Tods Murray had a 158 year history but reportedly the maintenance costs of its office in Edinburgh's Fountainbridge proved too difficult to sustain.

Shepherd & Wedderburn acquire the business and assets and included are 138 people on its payroll. It's expected at least 50 positions will become redundant through the acquisition. However, eighteen join Shepherd & Wedderburn as partners, five join as directors, and seven join as consultants.

After the deal is completed, Shepherd & Wedderburn will have 564 staff, 82 of whom are partners..

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