BLG brand to disappear as part of Clydes merger

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  • The end of a 170 year era...

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  • Back in the early 2000s BLG and Clydes were fairly similar firms. BLG had the stronger reputation in reinsurance, non marine work as well as mainstream corporate and commercial litigation whilst Clydes was pre-eminent in marine, energy and political risk insurance. The reason why Clydes has been able to pull away and swallow its bitter rival is that it has always been guided by a strong professional management team, whilst BLG has lurched from one failed managerial experiment to the next.

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  • It doesn't matter how many times they both say it, this is not a merger in any shape. It is a clear takeover.
    Thats not to say that Jabba and Konsta have done badly. Anyone who can take a firm which has lost 10+ equity partners of a short period of time and make it an attractive proposition for takeover has to be congratulated. Yes they are 15 partners going, but those are the partners who have been stopping the international growth.
    For Clydes, a great deal.

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  • What a charade. Jabbari and Konsta given token roles for 18 months. BLG partners axed. BLG's name relegated to history. This was always a fire sale. Though Jabbari will come in useful in the short term - he either executes redundancies or adds a Cafe Nero to a frim's reception...I wonder what he'll be doing during the 18 months...?

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  • Nice pay boost for the top of BLG's equity.

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  • re Anonymous @ 9.05. Totally agree with the analysis of BLG management in the last 10 years. Also add in incompetence and cronyism.

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  • In pulling off this deal and making BLG ready for takeover surely Jabba and Konsta have done good? The deal could have been a lot worse had a US firm taken them over, there would have been plenty more blood on the carpet.
    Dodgy management at BLG for the last ten years? Agreed. But some credit has to go these pair who have made it a viable option for CLydes

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  • Why so much negative comment? Forget the past. Looking forwards, the newly combined team will have excellent lawyers and a great roster of clients. Good luck to them. And keeping the Clyde & Co name is the right thing to do.

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  • Good move. It is far better to grasp the nettle and do a single rebrand than to go for the clumsy Clyde BLG for a period and then drop the BLG later.

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  • I am baffled by the attacks on Jabba who has achieved an incredible amount in one year, given the mess he inherited. Bottom line is that 10 years ago Barlows and Clydes were roughly the same size. Today, Clydes is three times bigger with offices everywhere and but for the increase in turnover during Jabba's brief reign Barlows would be hardly any bigger than it was in 2001!

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  • So not a takeover then! ROFLMFAO.
    Jabba can spin all he likes - and boy does he - but any fool can flog the family silver.

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  • Can this dark comedy get any more embarassing for BLG's management? Or do they believe their own spin? A pay rise for top partners on the back of a firesale is hardly "an incredible amount achieved".

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  • Agree totally with the comment about selling the family silver. Anyone can negotiate a sell-off. Navigating through difficult times takes skill.

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  • Don't blame Konsta and Jabba. Its Kennan Michel and Richard Dedman, and their predecessors, who were in charge when the rot set in.

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  • Loving the Lawyer's Zara Philips / Tindall comparison. Anyway, what's in a name? That which we call a rose by any other name would smell as sweet. Or something....

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  • Completely endorse the comments re the Dedman/Michel era. That is when Clydes pulled so far ahead of BLG that the gap was unbridgeable. Hence the decision to pull in Clint Evans as an accountant CEO but that was too late and ineffective anyway because accountants can't run law firms. Jabbari was a specialist lawyer with magic circle past: they wanted one of their own.

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  • I don't understand the brain dead comments above about 'selling the family silver', nothing is being sold at all, the partners of BLG will be partners in the new firm.

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  • Are BLG keeping their regional offices because the focus seems international now?

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  • Anon @ 4:42

    I think the best description of your comment is "disingenuous".

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  • Jabba's quote above that this is a continuation of restructuring is an absolute classic!!
    Presumably the new term for demolition in the construction industry is 'ongoing renovations''...

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