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Clydes, cases and cat-astrophes

Eh? What M&A guys? The good ones have left because it's not a corporate firm or brand. The only M&A Clydes do relates to other law firms. And what disputes bubble? Clydes is a trade/shipping firm and mainly in the mid/lower-mid market, which means a steady flow of disputes and 'volume', with only the occasional 'dripping roast'. That's why they have a 25% margin, as do HFW and Ince - they're all doing the same thing, the same way. Michael bought some parts of BLG's non-marine business because they operated on 30%+, or at least did, and that's now dropping back too as the work moves out of the City. It's big(ish) and semi-international, but so what?

25-Jan-2013

9:03 am