Cobbetts seeks buyer as administrators are called in

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

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  • 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.

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  • 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.

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  • @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...

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  • 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..

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  • 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.

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

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  • 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.

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

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  • 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.

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