Clydes partner promotions fall by half to seven

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  • Isn't it curious how partnerships publicise to the outside world the move from one class of partnership to another? Clyde here distinguishing between equity and senior equity, presumably the former being salaried or fixed share or something. What has that distinction got to do with the world outside Clyde? And how p***ed off would you be as a mere equity partner to have your status undermined like this.? Curious.

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  • They must need the capital! Not a single ex-BLG non-marine insurance name here either - usual story ...

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  • No surprise at the need for capital given the recent stories on LLP debt levels at insurance firms such as Clyde.

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  • Congratulations to the new partners. Nobody outside this firm (or any firm) cares about the promotion of FSPs to 'senior equity' unless (and from the perspective of a client) this is to let me know that existing hourly rates will increase for those individuals. From an external perspective a partner is a partner, it doesn't matter to others how these people are remunerated.

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  • @Robber Baron - get your facts straight, sun.

    Fairly sure that Simon Gamblin would beg to differ with your statement that there was "not a single ex-BLG non-marine insurance name here" - given that he was, er, head of corporate at BLG.

    Well done to all concerned.

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