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BLG exits continue as two partners head to Camerons

Why would BLG be thinking of knocking on the magic circle's door? That's as ludicrous as thinking that Camerons or Taylor Wessing will ever knock on the magic circle's door. The legal profession is stratified into a global elite of 7 firms; a second 'overweight' tier of generalist commercial firms and lastly international specialists. BLG is not trying to be a generalist commercial firm with all the lack of differentiation, and susceptibility to consolidation, which this implies. It is a specialist firm focused on the international insurance industry. That's why it has been booting out generalists and loss-making, non-aligned, practices.

18-Nov-2010

5:19 pm