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The exodus of partners from legacy firm Barlow Lyde & Gilbert (BLG) has reduced significantly the number of conflicts at merged firm Clyde & Co from around 40 to seven.
Clydes senior partner Michael Payton said that, following the 1 November merger, Clydes must hand back only seven instructions to six clients due to conflicts of interest.
“The remaining six or seven conflicts are being resolved by one set of instructions being handed back and in one case both sets of instructions being handed back,” said Payton. “These are spread among the offices and departments.”
BLG’s aviation team, which announced its move to Holman Fenwick Willan in March, before the merger was discussed, presented the most conflicts. The majority, including BAE Systems, went with the team. Payton said marine and regulatory conflicts were settled after more partners left BLG.
In October BLG marine, energy and trade head Patrick Foss joined Norton Rose with another partner, while regulatory partner Chris Brennan left for Lloyds Banking Group (TheLawyer.com, 6 October).