Westminster general practice Radcliffes is planning to bolster its corporate finance market as part of strategic shake-up designed to raise its profile.
Lateral hires, or even the enticement of an entire corporate finance unit to the firm, are part of the new strategy, being spearheaded by partner Richard Price, who has taken up the new position of managing partner.
The 36-partner firm, which was formed two years ago with the merger of Radcliffe & Co and Crossman Block, has also shortened its name to Radcliffes.
Price acknowledged Radcliffes had a “sleepy” image at the time of the merger, but said the Crossman Block partners had injected a new business dynamism.
However, he conceded that the firm's corporate finance practice did not enjoy a high enough profile. Price said growth was essential to the firm's strategy, but ruled out another large-scale merger with a firm of a similar size.