Clydes knocks BLP out of UK200 top 15 corporate table as revenues leap by a third

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  • Nothing against Clyde, but it would give some meaning to this type of stat if there were some clear methodology surrounding the definition of "corporate" revenue. The firms themselves seem to define the parameters in these tables and that doesn't exactly fill one with confidence about the accuracy of the comparisons !

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  • No mention is made of 2012/13 being the first full year since the takeover of BLG and the effect this might have had on these figures.

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  • Following what kevin has said, I'd assume that a fair bit of massaging of figures has probably gone on here. The pertinent question to ask is what Clydes defines corporate as. Looking at their website, they appear to have banking, asset finance, tax, dispute resolution and commercial lawyers defined as corporate. If you asked Clydes to say how much revenue was derived from equity capital markets, M&A and even commercial/contractual work, I suspect you'd get a much lower figure.

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  • Looking at the comments above it looks like certain members of the firms pushed out the ranking may have an axe to grind. All the firms on the list will massage the figures, that is a fact of life. Having just left Clyde's to go to a competitor I can say that the firm is massively pushing in the corporate area - with a slant to infrastructure and energy sectors. Aggressive firm on the make, simple as that.

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  • This firm's corporate London office is essentially a one trick pony based almost exclusively on one key client in the energy sector. The international offices pull in most of the revenue.

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  • When does that lock-in expire for the old BLG chaps? Will their departure influence next year's figures?

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  • Kevin is spot on. Because Clydes is an insurance claims firm, everything not 'disputes' is 'corporate'. This is clear from the website. They don't seem to have more than 15 pure corporate partners worldwide so £18m of genuine corporate revenue worldwide is more like it, which puts them nowhere ...

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