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Posted 10/05/2007 by The Daily Diary
LG in IP argy-bargy as name-swap shame engulfs City stalwart
Confusion broke out around the City this week it emerged that Korean mobile phone manufacturer LG is changing its name to Lawrence Graham in a dramatic re-branding exercise.The technology giant has changed its name and adopted a new pastel corporate livery as it diversifies into mid-tier property work, some obscure private clienty stuff no-one really understands and supervising the occasional listing on the Alternative to a Real Stock Exchange (ARSE).
Sources for the original Lawrence Graham said the firm was considering its options in light of the manufacturer’s decision, with legal action a “definite possibility”.
“We have worked for decades to create a uniquely unremarkable identity founded on mid-tier cuddliness and unspectacular financial performance,” fumed one Lawrence Graham partner. “We won’t give that up without a fight, or at least not without sending a strongly-worded letter on our new ‘the Real Lawrence Graham’ headed paper. I mean, our name even has the word ‘law’ in it. What could be clearer than that?”
However, LG insiders claimed the law firm “had started it” by using a shortened ‘LawGram’ epithet on its website, clearly designed to imply the firm was almost as interesting as a vast electronics conglomerate.
The controversy follows similar moves by rival telecoms giants including Siemens & Siemens and CMS Cameron Marconi, as they pursue the kind of edgy brand awareness that can only be achieved by middle-aged men in grey suits doing paperwork somewhere near Liverpool Street.
Rumours that City law firm Olswang is set to change its name to Radio Rentals in a tit-for-tat move are yet to be confirmed.