BLG and Clydes eye UK top 10 slot with potential merger

  • Print
  • Comments (27)

Readers' comments (27)

  • Given that when I was at Clydes every other litigious matter seemed to have BLG on the other side, surely this merger will create a lot of conflicts?

    Unsuitable or offensive? Report this comment

  • Merger or acquisition, this is like Waitrose buying Lidl. Lets just wait for the next team to walk out and then we'll know what the firms really make of this mess.

    Unsuitable or offensive? Report this comment

  • Surely it's more like Aldi buying Lidl, no?

    Unsuitable or offensive? Report this comment

  • Is that why the aviation team walked out?

    Unsuitable or offensive? Report this comment

  • Does this mean Jabba the Cut is going to get the cut?

    Unsuitable or offensive? Report this comment

  • Both firms are increasingly sub-scale. A merger would provide far greater resources for the combined entity to compete and invest, a stronger platform for overseas expansion and/or mergers, and some cost-cutting opportunities.
    From a strategic perspective a merger makes good sense.

    Unsuitable or offensive? Report this comment

  • I'm no great supporter of either firm, but saying things like 'X is like Aldi' just makes you look daft. Do you have any idea what a £300m revenue law firm looks like compared to most of the world's legal market?
    Both firms are top 40 City firms - and if that isn't a sign of quality then what is? What do you want? Slaughters to merge with Wachtell? - would that be good enough for you? Get a life.

    Unsuitable or offensive? Report this comment

  • Jabba is probably driving it. This will decimate the insurance competition - how can they possibly compete with this Beast?

    Unsuitable or offensive? Report this comment

  • BLG have taken a lot of flack but this is bold and potentially game-changing for EC3 firms, though both sides will have to make some difficult decisions as the overlaps are substantial. How are Holmans, Kennedys and RPC going to respond to this?

    Unsuitable or offensive? Report this comment

  • Agree that it's a bold move. Let's hope for BLG's sake this comes off and conflicts don't kill it, or they're dead in the water and Jabbari will walk away with just a p45. Also, do we know if the BLG partners definitely vote for this?

    Unsuitable or offensive? Report this comment

  • Well at least BLG don't have to worry any more about anyone else moving to Clyde's.

    Unsuitable or offensive? Report this comment

  • Bit of a big PEP disparity there. Wonder how the two partnerships are going to be combined? There could be some serious fallout from this deal.

    Unsuitable or offensive? Report this comment

  • One thing's for sure a lot of BLG people particularly on the management and support side - so that could include Jabbari - will be surplus to requirements. It's a shame that BLG's management team couldn't deliver on the firm's recovery. The conflicts issue will be interesting. We will probably see the competition like Holmans and RPC cleaning up whilst Clydes (and the firm formerly known as Barlows) are more focused on internal issues.

    Unsuitable or offensive? Report this comment

  • Merger? Takeover more like. BLG need a deal because they are severely weakened by departures. Clydes get to take out one of their major rivals and pick up a cracking professional liability and a reasonable casualty practice in the process. Then they can get on with the heavy pruning to bridge the PEP gap. Presumably the BLG name disappears within 3 years. Smart move by Clydes.

    Unsuitable or offensive? Report this comment

  • Barlow Clyde and Gilbert?

    Unsuitable or offensive? Report this comment

  • Will BLG clients be happy to accept expensive Clyde rates? I don't think so. We have been here before.

    Unsuitable or offensive? Report this comment

  • If you just step back from this, you could take the view that Clydes would be merging with a failing firm which acquired the volume business of a failed firm (ie Halliwells). Whilst there may be client pressure on Clydes to meet clients' needs at the lower end of the market, this move will reduce their PEP and leave them subject to the Manchester v City/International internal tensions which have acted as a catalyst in the departure of over a dozen London Partners from BLG since the acquisition of Halliwells. It makes little sense for Clydes.

    Unsuitable or offensive? Report this comment

  • PEP comparison is a red herring. Profit per lawyer (total profit available for distribution divided by the number of FTE practising certificates) is the ONLY way to compare profitability since firms started to manipulate equity.

    Unsuitable or offensive? Report this comment

  • Poor Samantha has been drinking too much of the water from that river in Egypt: denial. RPC, Kennedys and Holmans all look dead in the water. The tide went out today and they weren't wearing any swimming costumes. They have been outmanoeuvred by the higher calibre of the Clydes and BLG management teams. These 'also ran' firms look strategically incoherent as they chase an ill-defined mix of insurance and non-insurance work, dabble in second tier corporate work, and are sub-scale both in the UK and internationally. They are likely to have to consolidate but who with? They are all second tier firms compared to BLG and Barlows. Perhaps Beachcrofts will bale one of them out. They'd better do something or they will sit and watch their best teams hoovered up by Barlows/Clydes which will be 5 or 6 times bigger than RPC and begin to power away from them on global penetration and PEP. This planned merger looks a lot like the move that Coward Turner and Clifford Chance made all those years ago: a game changer that left the competition stranded and clueless.

    Unsuitable or offensive? Report this comment

  • Will it be called Barlow Clyde & Gilbert?

    Unsuitable or offensive? Report this comment

View results 10 per page | 20 per page | 50 per page

Have your say

Mandatory Required Fields

Mandatory

Comments that are in breach or potential breach of our terms and conditions in particular clause 8, may not be published or, if published, may subsequently be taken down. In addition we may remove any comment where a complaint is made in respect of it. These actions are at our sole discretion.

  • Print
  • Comments (27)