Jones Day bolsters Paris finance team with Gide hires

  • Print
  • Comments (16)

Readers' comments (16)

  • As mentioned previously:
    - Gide has a number of excellent lawyers but its management and organization are abysmal and it has no long-term plan whatsoever.
    - It purports to be an international firm, but It is run by essentially 5 guys in Paris who have never spent any substantial time abroad.
    - It likes to think of itself as a finance firm, but it has never had anything more than an embryonic presence in London and New York.

    Unsuitable or offensive? Report this comment

  • - It has a rigid lockstep and has always lost (and continues to lose) its best talents to MC and Wall Street firms.
    - It has attempted to expand globally, but, unlike its London or US competitors, its home market is not profitable enough to sustain aggressive growth outside its home base.
    - It is also deeply affected by rampant bickering, inter-practice and inter-office feuds, opaque decision-making and constant power plays.
    Overall, its future is not too bright -- at least as an independent firm. My own two cents is that it can either go back to being a mid-size European firm focusing on a few key markets, or merge with a global giant.

    Unsuitable or offensive? Report this comment

  • A classic case of rats and sinking ship here

    Unsuitable or offensive? Report this comment

  • @Anonymous 10:42:
    "- It purports to be an international firm, but It is run by essentially 5 guys in Paris who have never spent any substantial time abroad."
    Please check your sources which are rather outdated. One of the 5 members of the management committee has spent more than 10 years managing Gide's Moscow office. I know that Gide bashing is popular in The Lawyer's columns but it does not harm being accurate sometimes...

    Unsuitable or offensive? Report this comment

  • Anonymous@ 10:53 am:
    Oh, right, 1 of the 5 big cheeses has spent real time abroad. What a rebuttal to the various points raised above.
    And BTW, is the gentleman in question the firm's senior partner? The managing partner?
    Didn't think so...

    Unsuitable or offensive? Report this comment

  • Gide Moscow is apparently being run by a senior associate who had worked in EU Competition law in Brussels. Who's been a busy boy then?

    Unsuitable or offensive? Report this comment

  • Anonymous @ 12:50pm
    Gide's senior partner has opened and managed Gide's Istanbul office for several years ... Here is for the alleged lack of international standing of Gide's management board.
    As for the other "various points" that you raised, all firms (even anglo-saxon ones, believe me) have their own flaws and problems. In my humble opinion, Gide's are not worst than others'.
    Remember that at the end of the 90s many thought that Gide was dead, but it eventually managed to significantly develop locally and internationally. The real strength of a firm in times of crisis is to have this capacity of reinventing its model while keeping its identity. Gide made it once, many are confident that it will make it again (ok not in these columns).

    Unsuitable or offensive? Report this comment

  • To be clear, I don't have a vested interest; and I appreciate your defence of Gide's management -- being perhaps slightly less parochial as would seem at first glance. And perhaps there is room indeed for an international firm striving as an alternative to the MC/Wall Street model. I'm just not buying it myself.
    You can challenge whether Gide's management is too centralised and/or not international enough. But what do you make of the argument that Gide doesn't have any significant US or UK presence?? And its being stuck somewhere between the global firm model and the regional firm model, with insufficient profitability to strive in the former and excessive ambitions to succeed in the latter??
    As a poster said, "it can either go back to being a mid-size European firm focusing on a few key markets [in which case it could succeed, I would say], or merge with a global giant [in which case it could no longer trumpet itself as a 'different' firm]".
    What's the alternative? How do you see things working out -- other than saying that "anglo-saxon" firms have their own issues?

    Unsuitable or offensive? Report this comment

  • Not trying to score cheap points here. Having sat across the table from Gide, I know they have a number of valuable lawyers. But the challenges we're talking about are pitfalls that all second-tier international firms face and will face.
    The difference, however, is that those challenges are all the more relevant when it comes to a France-based firm that wants to fund international expansion when its home market is not nearly as profitable as London or NY. Who would turn to Gide for a massive international arbitration dispute? A headline-grabbing joint venture? A multi-source cross-border financing? A glorified continental firm doesn't make a global firm.

    Unsuitable or offensive? Report this comment

  • It's very interesting to see the same comments getting in first on every single Gide article, it's almost enough to make one think that somewhere, an axe is being ground...
    But is this not just a spot of musical chairs? Caillemer de Ferrage has a finance practice, and Gide's New York office isn't big enough to let him do what he wants in the States, so he joined Jones Day, which is massive in the US. Boileau recently joined Gide from Jones Day, so it seems more like people finding the best fit than a 'sinking ship'.
    Gide is far from the only firm to fail to crack the US, and far from the only firm to lose finance guys as a result. As for how to change that situation and be seen as "global", whatever that means, that's a different (and difficult) question that I hope the new management are tackling.
    Also, I might read too much into it, but "it does not harm being accurate" and "here is for the alleged lack of international standing" are phrases that can only have been written by a French speaker.

    Unsuitable or offensive? Report this comment

View results 10 per page | 20 per page

Have your say

Mandatory Required Fields

Mandatory

Comments that are in breach or potential breach of our terms and conditions in particular clause 8, may not be published or, if published, may subsequently be taken down. In addition we may remove any comment where a complaint is made in respect of it. These actions are at our sole discretion.

  • Print
  • Comments (16)