Judgement day looms for Herbies corporate partners

  • Print
  • Comments (18)

Readers' comments (18)

  • There are too many corporate partners at HS who are at the top of the lockstep and just coasting along.
    The problem with lockstep is that when you make someone a partner you really have to ask yourself, "is this candidate still going to be generating enough business in 10 or 15 years' time?"
    That question hasn't been addressed sufficiently by HS in the past - and it shows.

    Unsuitable or offensive? Report this comment

  • I've heard they were going to be managing out certain people but 15-20 is a huge amount, and it's going to hit morale very hard...

    Unsuitable or offensive? Report this comment

  • They just don't have enough top talent in corporate. James Palmer is Slaughter and May quality, but he's leagues ahead of most people around him. They've also lost key people in Tokyo and Hong Kong and those offices are basically freewheeling at the moment.

    Unsuitable or offensive? Report this comment

  • You can have lockstep as long as management keep an eye on it and manage out regularly. Herbies have weak management and have ducked the issue. I think the senior and managing partner have failed to leave up to the high hopes many had when they were appointed.

    Unsuitable or offensive? Report this comment

  • They haven't post key people in Tokyo. They just started cleaning up. Anyone who would write such thing would uninformed or an ex-Tokyo partner.

    Unsuitable or offensive? Report this comment

  • The fact their so-called European alliance company Gleiss Lutz won't touch them with a barge pole makes the situation worse. There is no way Gleiss partners would ever want to merge with Herbert Smith because they just don't understand what they're talking about and aren't as international as they think they are. They don't send much work Gleiss's way, and yet Gleiss has progressed very well over the last three years whereas Herbert Smith has not.

    Unsuitable or offensive? Report this comment

  • Funny how all these commentators won't put their names to their opinions. Are they all still scared of David Gold?

    Unsuitable or offensive? Report this comment

  • "Herbie Rides Again" - I'm guessing you're scared of David Gold as you also haven't put your name to your opinion.

    #wazzock

    Unsuitable or offensive? Report this comment

  • What a complete non-story. There are ups and downs. You get ahead by sticking together and staying to plan over 3-5 years. Litigation is not that far ahead and the markets will turn.
    HS is a first class out-fit and, effectively, magic circle; have you seen the shape CC is in?
    All that said, a few or so non-performing partners should be given deadlines, or moved out; irrespective of dept. and history. That's not news. Fortunately, HS is a pretty cool set, so do not expect any knee-jerk reaction.

    Unsuitable or offensive? Report this comment

  • Persisting with the lockstep with no tapering coupled with the downturn in profitability relative to its peers has led to voluntary and involuntary departures at partner level which has diminished what was once a great firm.

    David Gold is an irrelevance.

    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 (18)