Clydes cherrypicks Shadbolt practices
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Shadbolt is to disband next month, with the bulk of its partnership set to join Clyde & Co.
The Lawyer revealed last year (19 November 2009) that the firms were holding merger talks after Shadbolt had launched a strategic review in March that resulted in a search for a tie-up.
After discussions Clydes will acquire the firm’s London-based construction and infrastructure practice and dispute teams, as well as the UK corporate practice. It will also take the Paris office, where it already has a presence, and take over the joint venture established between Shadbolt and Tanzania-based firm AKO Law.
Head of construction at Clydes John Morris said the takeover would give the firm “the additional critical mass and depth that we would have perhaps lacked in projects in the past”.
Chief executive Peter Hasson added: “This will build on our projects offering and particularly assist in the developing markets in the Middle East and India.”
Meanwhile, Shadbolt’s employment and disputes team, led respectively by Helen Boddy and Kate Matthews, will join Guildford-based Stevens & Bolton along with construction and engineering partner Tom Pemberton.
A further two partners, Jonathan Gold and Peter Sheridan, are planning to launch their own firm, Sheridan Gold, based in Reigate.
Readers' comments (3)
Anonymous | 25-Jan-2010 4:03 pm
Cherry Picking in the headline suggests Clydes gets the best. Perhaps the sweetest cherries did not want to be picked. They could be the bright shiny ones
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Anonymous | 26-Jan-2010 9:54 am
I agree with this first comment. The first line of the article is also misleading. The bulk of Shadbolt's partnership is not set to join Clydes. Check your facts! There were 24 partners at Shadbolt six months ago. 6 partners have already left. Of the 18 remaining partners, only 8 are due to join Clydes (7 as partner), i.e. a third of Shadbolt's partnership (and a handful of associates). Not sure this will give Clydes the additional critical mass and depth they were looking for...
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Anonymous | 26-Jan-2010 11:33 am
I agree with the above comments. Moreover, do those partners 'acquired' by Clydes really have the expertise and client base to develop their international work?
I think Stevens & Bolton have done well out of this.
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