Jones Day bolsters Paris finance team with Gide hires

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  • @Anonymous 10:58 am
    Fair points. But you're not addressing the key issues: As someone said, "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." These are relevant queries. How can any firm -- doesn't matter whether it's Gide or any another continental firm -- succeed internationally without a substantial London or NY presence? Surely this question is relevant to many continental firms, without singling out Gide specifically.
    At the end of the day, a firm can focus on a few core jurisdictions where it is profitable, or try to be 'global' and have profitable offices subsidise new markets. How does it work out if you want to become global without a very profitable home base and/or an established London or NY presence?

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  • I think the thick end of a billion dollars is at least "chunky", if not "massive"... http://www.ft.com/intl/cms/s/0/6ed60084-82bd-11e0-b97c-00144feabdc0.html
    Arbitrations being quite hush-hush, I'm guessing that reported cases represent the minority of any firm's caseload.
    I don't know anything about finance / M&A in any firm, let alone Gide, but I'm sure their PR guy will be along shortly to share...
    And I agree that glorified continental is not global. Gide may not be particularly massive in London or the US, but it is big in most of Europe, and has a hefty Chinese presence. All of that taken together may well prove to be more than adequate to make money.

    Not every firm can (or should) be a super-profitable global behemoth.

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  • There is plenty of room for everyone in the market. Gide is not a "global" firm but it is certainly an "international" one. How many other firms with their head office in continental Europe can actually say that they have the international coverage of Gide without having merged with (i.e., been swallowed up by) one of the American or English firms?
    Vive la différence! And no, I am not at Gide.

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  • "There is plenty of room for everyone in the market."

    haha.

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  • only after squeezing through La Porte Etroite ....

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  • Obviously Jones Day sees some value in hiring Gide lawyers, would they hire from a terrible firm? I understand that some here are commenting on business strategy etc. probably some valid points, but it seems to me that there are some with vested interests/scores to settle!

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