Greenberg Traurig Maher makes loss in first full year in City

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  • Presumably the loss was before any partner guarantees paid by the US were taken into account. If that is the case then you are looking at a very much larger number.

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  • Hubris on a grand scale.

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  • No wonder its new partner hires are taking flight so soon after touch down.

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  • The financials quoted in the article are a year old so most the above comments are irrelevant. Leaving that aside, 0-8 million in a year represents the fastest growth rate of any U.S. firm in the city. GTM invested heavily and so always expected to make a return over 3-5 years. It's well on course to do that.

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  • No doubt the US GTM partners are delighted. £3.5m owed to them by a business that made a loss of nearly £1m last year. I wonder if they think that the figures are 'irrelevant' ?

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  • I agree the figure's irrelevant because it's not up to date. Having a discussion on GTM's performance based on these figures is as pointless as having a discussion about Linklaters PEP for 1950 and deducing things about its partner satisfaction today in 2012.

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  • Blame Jeveons.

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  • PR Machine on overdrive.
    The figures may be a year old but it's still a loss. I'm sure that they'll make a profit this year.

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  • GTM's intending to make a return over 3-5 years. That was always the plan and still is.

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  • Was it also the plan to hire a load of partners offloaded by other firms, grow too fast and then down size even faster?

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