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BLG and Clydes eye UK top 10 slot with potential merger

Poor Samantha has been drinking too much of the water from that river in Egypt: denial. RPC, Kennedys and Holmans all look dead in the water. The tide went out today and they weren't wearing any swimming costumes. They have been outmanoeuvred by the higher calibre of the Clydes and BLG management teams. These 'also ran' firms look strategically incoherent as they chase an ill-defined mix of insurance and non-insurance work, dabble in second tier corporate work, and are sub-scale both in the UK and internationally. They are likely to have to consolidate but who with? They are all second tier firms compared to BLG and Barlows. Perhaps Beachcrofts will bale one of them out. They'd better do something or they will sit and watch their best teams hoovered up by Barlows/Clydes which will be 5 or 6 times bigger than RPC and begin to power away from them on global penetration and PEP. This planned merger looks a lot like the move that Coward Turner and Clifford Chance made all those years ago: a game changer that left the competition stranded and clueless.

3-Jun-2011

11:00 pm