Burness Paull appointed sole provider of legal services to FSCS in Scotland
Burness Paull has won a competitive tender process to become the sole provider of legal services in Scotland for the Financial Services Compensation Scheme (FSCS).
Following a rigorous three-month tender process involving three core stages, the firm has seen off competition to secure the three-year contract.
The firm is one of eight in the UK to have been appointed to the FSCS panel – and the only one in Scotland.
A team of nine solicitors will be involved in providing the required services to the organisation, including litigation, financial services and regulatory law, insolvency and public law and will be headed up by Ewan McIntyre, client partner at Burness Paull (pictured), who is based in the firm’s Edinburgh office.
Mr McIntyre said: “The appointment fits well with our focus on the financial services sector, which is of great importance to the economy and reflects our profile and reputation in this key area of business.
“We have enjoyed a positive working relationship with the FSCS over a number of years. I am therefore delighted that we will continue to work with the organisation following this formal appointment, further cementing our successful partnership.”
James Darbyshire, head of legal, FSCS, added: “In putting in place this panel, we are confident that we have the right firms to support FSCS in discharging its statutory functions efficiently and cost effectively in this ever-challenging regulatory landscape.
“I look forward to working with the new panel and to ensuring we continue to provide an effective and reliable service to all our stakeholders.”
The panel of firms will be in place from 2015 until 2018, with the potential for the contract to be extended for a further year.