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BLG chief exec: Clydes deal is no rescue merger

In light of the consolidation of the market which is going on it’s probably a good defensive move, but it’s a real shame considering where BLG could have taken the business. I question whether having a litigation and insurance boutique is the right way forward. The right strategy would have been to build up a stronger commercial and corporate side because it’s so integral to the way their clients are doing business. Both firms have a certain level of work but if you want to do well you have to be going for those high progile City transactions. Nobody goes to BLG for any serious insurance merger because they have not got the resources, and they probably would not go to Clydes either. Will there be enough litigation to ensure the survival of a merged £300m firm? Maybe not.

6-Jun-2011

11:33 am