Clydes in merger talks with Shadbolt

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  • This would benefit Shadbolt much more than Clydes. They need to do something to help partners compete with the big guns and Clydes would give a base to start from.

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  • I think this is a way of Clyde & Co taking over all of Shadbolts big clients. Shadbolt LLP will be swallowed up by such a big firm.

    Such a big dip in turnover for Shadbolt LLP surely means bad management, and a poor strategic plan!!

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  • That could well be, but Clydes might not choose to take the whole firm, especially as they seem to have the whip hand in the deal.

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  • Your editorial says, "niche firms are being bombarded with offers" by larger ones. I think more like exposed partners in niche/smaller firms are seeking the supposed safe haven that larger better resourced and capitalised firms offer which seems to be confirmed in the article itself. For Clydes it's an opprotunity to acquire at low cost another practice and their clients and then indulge in a bit of asset stripping in which they do of course have a bit of form already!

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  • The dip in Shadbolt's turnover is very small, especially in the current economic climate.

    The Shadbolt LLP construction and projects teams and their considerable expertise will be a real asset to Clydes and their clients. Sounds like a good move for both.

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  • Having worked extensively with both firms, I would comment that Clyde has a small, quality non-contentious construction capability which could use additional critical mass; Shadbolt is challenged in gaining certain larger instructions it is clearly cabable of due its relatively small size.

    Ostensibly it makes a great deal of sense for both firms.

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  • They should never have let the legendary Dick Shadbolt (ie. the 'Clint Eastwood' of the legal industry, as labelled by the Legal 500) retire 18 months ago ...

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  • Shadbolts are an excellent construction firm. Clydes have a very good construction practice in the Gulf but lack critical mass in construction in the UK. The aquisition of Shadbolts would give Clydes a great UK construction team and give the Shadbolts guys easier access to the Gulf and the Middle East. And its not far to commute from the Shadbolts office in Reigate to the Clydes office in Guildford! I think this looks like a good merger for all concerned - and I'm one of their competitors.

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  • I would hardly call £400K a big dip for a construction outfit in a property slump!

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  • Looks like a sensible move for both firms. It should also not be forgotten that there are many benefits to scale. They may not be quite as dramatic as in, for example, the car industry, but they are very real nonetheless.

    All other things being equal, a larger firm will have cost advantages, the opportunity to direct greater resources at opportunities, and a greater ability to withstand difficulties such as client losses, personnel departures or downturns. A higher profile brand will also be of help in recruitment and marketing.

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  • It was good of someone to refer to me as Clint Eastwood. Having seen my name used so many times in such a small space above I certainly feel like The Man with No Name (unlike the firm). I am not sure if all this is a matter of A Fistful of Dollars, or For a Few Dollars More, or The Good, the Bad and the Ugly. More Bonnie and Clyde perhaps.....

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  • Probably great for all the partners, shame they are shafting all of their staff in the process!

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  • Bring back Dick!

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  • This isn't a done deal yet, so the partners could be shafting themselves ...

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  • It's ironic that when you click onto the Shadbolt website there's a sign saying 'Keep Calm and Carry On'...

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  • This sounds like a good strategic opportunity for Shadbolts whose management seems to have lost its way since Shadbolt retired.
    Perhaps now they can properly reward their loyal and hardworking staff as there seems to have been precious little of this recently.

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  • Letting the star of the show ride off into the sunset was an interesting decision.

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  • Dick/Clint, since you left Shadbolt the firm has been run into the ground. You would have dealt with it so differently.

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  • Dick we miss you. The self destruct button has been well and truly pressed since you were booted out.

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  • And what a great Firm it was with Dick at the helm!

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  • All I can say is good riddance. I worked for Shadbolt and being made redundant was the best thing that ever happened to me. It was the most miserable, horrible place to work. The lawers were jumped up a holes that deserve a kick in the nads. Bon Voyage Crudbolt.

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