Categories:Real Estate,UK

BLP real estate partner trio defect to DLA Piper

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  • Wow - real estate itself has had some departures but has generally stayed solid and kept the hope alive. This is not good for BLP. What is going on there? If real estate falls apart, that's it surely. Not a fatal hit here but a big one.

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  • RE isn't falling apart but BLP is reverting to its roots, including in RE, and these three reckon rightly that they will do a lot better out of it. There is a crisis of leadership looming large however, and the next five years will see many more changes and split-offs and changes of strategy. A "merger" is fairly likely and this will precipitate or require yet another shake-out and further stream-lining to cut back the excesses of the last few years.

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  • Especially after Eisenberg's recent disastrous comments in The Lawyer, what self-respecting attorney would stay with BLP? Let the feeding frenzy begin in earnest.

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  • top city law firm

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  • Didn't some DLA bods head to BLP recently? As has happened in the past this is turning into a merry-go-round/game of musical chairs.

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  • Amazing how law firms are held together by nothing more than self-interest. Once a few rats jump ship it very quickly becomes every rat for himself. The same thing would happen at any number of other firms if a critical number of rats abandoned ship.

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  • Law firms or anything else. Why should anyone be compelled to stay with an organisation where the management/strategy/etc isn't to their liking? Performing partners don't have to hold onto underperforming partners - whether that means the underperforming partners get sacked or the performing partners quit. There is nothing unusual or new about this.

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  • The wheels are coming off. How will they make any money when the only people left are the laterals hired on the back of fictional books of business? I don't think that Neville is going to be winning any more of those Managing Partner of the Year awards.

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  • Did they not lose a private equity team to Hogan's lately too?

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  • It's not just the partners, directors and associates at all levels seem to be jumping ship. Hopefully those still on board can weather the storm.

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