Clydes begins consultation with 10 support staff

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  • Perhaps the Jabba virus lingers on. One of the great DJ moves was to axe the BD department because they didn't think and act like lawyers.That kept many in other firms chuckling for months.

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  • The ethics of law firm mergers will no doubt be questioned in the future. In whose interest are the current mergers? They are a consolidation of profit centres by those whose level of power and influence within each firm protects them from adverse lock-ins and redundancies. They reduce choice and provide little benefit for clients.

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  • Well said Dick Moorhead. I, for one, am still suffering because of their power games.

    Sadly, the little people just do not count.

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  • I wonder if Clydes will ned to borrow more to fund the bigger round of redundancies in the pipeline. Mind you they will also start to get income from bought out partner lock-ins so it's swings and roundabouts.

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  • Clydes insurance business in London (i.e. the majority of their business by volume) is shrinking and under significant fee pressure, hence the falling profit margin and continual international expansion funded by ever increasing bank debt. This is no secret. All of the marine firms are in the same proverbial boat - witness Ince redundancies.

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