Barlow Lyde & Gilbert under pressure

June 7, 2011 More reports have emerged to shed light on the merger negotiations between Barlow Lyde & Gilbert and insurance rival Clyde & Co. TheLawyer.com has reported an anonymous source who claims that BLG has no option but to agree to the deal, in light of a weakened international presence and collapsing rates in the domestic insurance sector.

BLG chief executive David Jabbari has refuted claims that the merger represents a crucial lifeline for the firm, though he is contradicted by other former BLG partners, who said the firm’s management had told ­partners earlier this year that the firm would cease to exist as an independent entity by the end of the 2011-12 financial year.

Read more at www.thelawyer.com.

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