Author: Legal Week
24 Dec 2009 | 00:13
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Overview
An ace insurance litigation firm faced with tough conditions in its core markets, Barlow Lyde & Gilbert has struggled in recent years to establish itself as a serious player in transactional law - with very mixed results. The firm was placed at 34 in the 2008-09 Legal Week Top 50 after a 6% rise in turnover to £86.9m, while profits dropped by 10% to £342,000.
In late 2007 the firm moved to streamline its decision-making processes, giving Dedman and chief executive Clint Evans more power. However, six months later Dedman announced that he was stepping down mid-term, and after a closely-fought election, professional liability head Simon Konsta was voted in as his successor. In December 2009 the firm announced that Evans would be leaving the firm in the New Year, to be replaced by chief operational office David Jabbari.
History
Culture
Key departments
With around three-quarters of the firm's lawyers in litigation and dispute resolution, including some 50-odd partners, it is no surprise that this area remains the cornerstone of Barlows' practice. Indeed, litigation has counted for at least 80% of Barlows' total revenue in recent years.
Insurance and reinsurance is a key sector for the firm and one in which Barlows remains among the City's finest.
National/international coverage
Outside its London and Oxford offices, Barlows has limited its international expansion to the Asia-Pacific region. The firm boasts offices in Hong Kong (which opened in 1986), Shanghai (2000) and Singapore (2004) - and, a touch unusually, nothing in continental Europe.
Key clients
Leading partners
High-profile department head Sarah Clover leads the firm's professional and financial disputes team.
The 2007 loss to Mayer Brown of commercial litigation chief Clare Canning - whose already fearsome reputation was further enhanced by a convincing win in the mammoth Equitable Life case - was hard to read as anything other than a blow for the firm, despite the strength in depth of its contentious practice.
Career prospects
A bumper round of promotions in 2008 saw Barlows make up a record eight new partners, including seven at the firm's City base and one in Hong Kong. That came after the firm promoted seven new partners the year before, indicating that the firm at least has confidence that its home-grown talent can replace some of those senior leavers. Four partners were made up in 2009, with all of the quartet coming from the firm's dispute resolution practice.
Salaries
First-year trainees receive £32,000, while newly-qualifieds now start at £58,000.
Recruitment
For graduate recruitment at Barlows, the person to contact is Caroline Walsh. For legal recruitment, you want Kate Ferguson.
For more information on careers at Barlows, click here.
Work-life balance
Diversity
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COMMENTS (TOTAL 10 COMMENTS)
Recent BLG press releases have suggested that the faction at Barlows that wants a narrow focus on high-end litigation work has nosed ahead in the debate over where the firm should be headed. Here, Dedman is trumpeting the appointment of the other non-contentious bods, but there was a release recently which indicated that Barlows would no longer be investing in their non-contentious capability, so they won't be there long! Very odd. I wonder who is in charge there.
Nemesis -14 Nov 2007 | 11:30
Barlows didn't issue a press release saying they were ceasing transactional business. We are a client and checked with BLG directly. Their transactional team is growing AND they are picking up new litigation work so no conflict and no problem with their strategy or leadership.
Samantha -22 Nov 2007 | 17:44
Samantha's comment looks suspiciously as though she is not a client at all, but Richard Dedman or one of his marketing minions in disguise.
BLG -10 Dec 2007 | 14:44
Top equity partners at BLG are now earning more than 20% less than they were in 2003/4. This has had two predictable results; a number of real heavy-hitters at BLG (Canning, Warren-Smith, Mendelowitz) have walked. Second, BLG finds it hard to attract the calibre of people they want to join them. A number of lateral hires have been made recently, but none of these people are genuine leaders in their field. The last person BLG got of that calibre was Tim Taylor in 2002.In truth, BLG should not beat itself up about its falling profitability. It remains what it always was; an insurance practice and insurance rates are miserable compared to most other lines of business in the City. In the early/mid 2000's, BLG experienced abnormally good trading conditions. Canning's team had a series of big, high-profile accountant negligence cases (which resulted in considerable jealousy against her from some of the men) and the reinsurance dept put in stellar results. Canning has now gone and reinsurance work fell off the end of cliff 18 months ago. However, when things were going well, BLG's management convinced itself that it knew what it was doing (rather than simply being in the right place at the right time) and embarked on a publicity drive which until then had been a very un-BLG thing to do. That culminated in the truly awful ad campaign in 2006. The good results also masked the chronic waste and lack of vision in certain areas; e.g. corporate and overseas offices.BLG now has a new management structure but still seems to lack a unified vision for the future. There remains a strong faction which wants to focus on high-end litigation, pretty well to the exclusion of everyone else.All of this is reminiscent of Davies Arnold Cooper in the 1990's.
Super Blue -11 Jan 2008 | 12:11
Associates at BLG know that insurance rates can never support leading market salaries. The difficulty many associates have is the cognitive dissonance of many of the partners when it comes to dissatisfaction. They think that a departure generally means an inability to cope with supposedly brilliant work. Rather, most departures are the result of an inability to deliver the expected magic circle quality with less resources.
Anonymous -02 Jul 2008 | 18:55
The last contribution strikes a chord with me. I left the reinsurance "team" a while ago for a far better position. A certain partner in the department put it around that I was not up to the job. The reality was that despite some extravagant promises made to me as to the quality of the work I could expect, there was in fact hardly any work at all.
anon -21 Aug 2008 | 16:58
re the above : this may explain why I get called or emailed virtually every day by a BLG lawyer on a case I have on with them. I thought they were just seriously on top of things and eager to get on with it. Perhaps it is because they do not have enough cases on to be busy (and therefore giving me time to respond to correspondence)?? Good people though, and very nice offices - glad I am not paying for them though. Overheads must be a killer. I have heard though that although the reception is vast (it really is!) and the meeting rooms impressive, the back offices for the lawyers and support staff are not quite so spacious.
Opposition Insurance Lawyer -23 Sep 2008 | 13:20
No doubt BLG get a good hourly rate to help pay for the overheads. The DWF offices in Leeds are very impressive with huge meeting rooms (for power meetings no doubt, ho ho) but have to be paid for with rock-bottom northern hourly rates. Ouch. That's gotta hurt 'em eventually even at northern prices per square foot - especially the personal insurance department who cannot charge the same fees are their corporate colleagues. How long before DWF does a Hammonds or a DLA and ditches the PI department to go corporate through and through? 3-5 years max I'd say, especially as the Ricksons lot are apparently not too happy with the outcome of the takeover (sorry, "merger").
re the killer comment above: -24 Sep 2008 | 18:15
The contributor above who once worked in the reinsurance "team" might like to know that the reinsurance department is no more, having been merged with (i.e. taken over by) another more profitable insurance-focused department. Given the amount of effort and money that once went into promoting reinsurance (or more correctly, one individual in that department) its strange how Barlows kept that one quiet from the press.
Catalogue Man -12 Feb 2009 | 12:12
Re the above. Colin Croly, advertised on BLG's website as "Mr Reinsurance" has just left. Come on Barlow's publicity machine!
Catalogue Man -12 Mar 2009 | 12:21
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