Cobbetts seeks buyer as administrators are called in

  • Print
  • Comments (70)

Readers' comments (70)

  • What terrible news. A bad day for all employees, especially trainees.

    Unsuitable or offensive? Report this comment

  • Having managed to escape Cobbetts several years ago I am surprised it has managed to survive so long. It was incredibly badly managed by dull uninspiring 2nd rate wannabee under achievers. I remember sitting in a partners meeting during which a Manchester Cobbetts partner was exhorting a double in turnover for the Birmingham office with no thought as to how this was going to be achieved other than putting bums on seats. This was so typical of Cobbetts divisive and incompetent management.

    Unsuitable or offensive? Report this comment

  • Good but expensive building, mid-ranking firm, lack of strategic direction etc etc - I hate to say it but there are firms such as Lawrence Graham who may go the same way.

    Unsuitable or offensive? Report this comment

  • @5.34
    There is enough quality in that firm that most people transferring should be less worried about fallout than the incumbents of the successor firm.
    Hopefully a deal won't be stitched up by the same small group of time servers who looked at their pension pots a few years ago and decided it wasn't quite time to go yet, losing a lot of talent and ambition in the lower ranks in the process, to protect a couple more years of earnings. Or so I hear...

    Unsuitable or offensive? Report this comment

  • Sad for those involved but amazed that it has come as a surprise to some as Cobbetts collapse has been on the cards for years, just a matter of when. Lots of decent lawyers there, so the surprise really should be why more didnt jump ship sooner. Makes you wonder what the internal spin machine was doing..

    Unsuitable or offensive? Report this comment

  • I spent a number of years at Cobbetts and the people there were first class. The firm had a number of successes and if it had not been for the expensive offices the firm would blossom. All the best to the people there, I hope somebody comes in quickly to take you on.

    Unsuitable or offensive? Report this comment

  • Poor old Michael Shaw - that photo gets wheeled out any time Cobbetts is in the press. He looks positively demonic!

    Unsuitable or offensive? Report this comment

  • A buyer? Really?

    What would they get? Surely the best lawyers will now be cherry picked by the big firms with the remainder going to struggling mid-tier practices.

    Unsuitable or offensive? Report this comment

  • Maybe the timing was right to avoid a significant tax payment that is due on 31 jan? TIming is everything!

    Unsuitable or offensive? Report this comment

  • Cobbetts is a great firm full of great people that have now fallen on hard times, and they're far from alone in a hostile market. Nick Carr in particular is a class act and deserves a better legacy - anyone making fun of the situation should remember that the careers of a lot of very talented lawyers have just become way more uncertain. Sarcastic comments are in bad taste here - just because the market conditions haven't affected you yet doesn't give you the right to laugh at those less fortunate; bad decisions may have been made but I've seen far worse.

    Unsuitable or offensive? Report this comment

  • Can't quite understand the more vitriolic comments of some. The fact is a lot of people could lose their jobs here - and anyone who can gloat about that needs to take a long hard look at themselves.

    Unsuitable or offensive? Report this comment

  • although surprised at the news today, it’s hardly unexpected from the stories in the legal press over the years. I’ve dealt with many of the lawyers in their Leeds property dept in the last few years and always thought there was something good about them. hopefully the good people there will find something quickly.

    Unsuitable or offensive? Report this comment

  • Very sad to see. The firm has some fantastic people and, speaking as an ex-employee, was a genuinely nice place to work. Good luck to all at the firm.

    Unsuitable or offensive? Report this comment

  • This is an absolute financial HOWLER. Gee-whiz. What a RANCID state of affairs. Truly awful.

    Unsuitable or offensive? Report this comment

  • Before all the nasty comments about DWF continue, I wonder whether people should pause and think if it weren't for DWF the vast majority of Cobbetts staff would be out of work in a difficult market. I think people should stop being judgemental and downright nasty and realise that a bad thing has happened here and if something can be salvaged and people can stay in work that should be celebrated not criticised.

    Unsuitable or offensive? Report this comment

  • Agreed that there are some excellent lawyers and teams there who should and will be snapped up. I have to agree with the comment about The Lawyer loving any chance to wheel out that awful photo of Michael Shaw, which given he stood down some time ago, seems rather odd. Good luck to all there.

    Unsuitable or offensive? Report this comment

  • I worked at Cobbetts for several years. I hope they find a buyer, and that jobs and training contracts are saved.

    Unsuitable or offensive? Report this comment

  • I can't help but wonder whether this was the plan all along. DWF are likely to pick up a pre-packed Cobbetts, free from debt and with a not unreasonable client list.
    This instead of taking on Cobbetts, warts and all, in the proposed merger last year.
    I'm sure there won't be any way of proving the above, but I have no doubt that talks to this effect took place.
    It will be interesting to see who lands where and we will be better able to put the pieces of the jigsaw together.
    I'd also like to offer my wishes to all those who will find themselves out of work in a tough market. A horrible situation and not a great start to the year.

    Unsuitable or offensive? Report this comment

  • My girlfriend works at Cobbetts. I rate her.

    Unsuitable or offensive? Report this comment

  • It's also interesting to compare and contrast the general sentiments posted here with those posted at the time of Halliwells demise.

    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 (70)