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BLG chief exec: Clydes deal is no rescue merger

Merger is not failure: this is the wake up call to law firm management teams. The test is simple. A rescue merger never does more than consolidate and shore up weak positions. It buys time and can make sense. However, a strategic merger changes the landscape: it puts competitors on the back foot and forces them to re-think their strategy under pressure. This merger shows every sign of falling into the latter category. Would this merger have really drawn this amount of comment if it was not sending shockwaves?

8-Jun-2011

2:14 pm