The path to oblivion - the events that brought Cobbetts' 175-year history to an abrupt end
On 6 December 2012, Cobbetts' managing partner Nick Carr released a confident statement about the firm's financial position, saying: "Our half-year results ensure we remain on target, and new client wins mean that trading predictions for the next six months are strong. We expect to meet our financial targets by year end." Taken in isolation, this statement is no different to the numerous anodyne comments issued on behalf of law firm managers whenever full and half-year financial results are announced.
In 2002, Cobbetts went all out to become a top 50 UK player through a series of ambitious mergers. But its plans ended in disaster when it collapsed into administration this February. Gerard Starkey takes a closer look at the events that brought the firm’s 175-year history to an abrupt close
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