Categories:Europe,France

Gide trio quits firm for boutique venture

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  • Leaving a boutique firm like Gide to set up another boutique...makes a lot of sense.

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  • C'est foutu, n'est-ce pas? It was getting serious before with all the high level departures, but the loss of three corporate partners who advise trophy Gide clients such as SNCF and Vivendi is moving Gide's predicament into a whole new level.

    There is a serious risk that the firm, which still maintains a huge cost base with 19 offices around the world, could get into financial difficulties. The best are leaving and giving the smaller group of weaker partners more and more costs to look after.

    Suggest some friendly US or UK firm(s) come in and perform a strategic rescue mission.

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  • In just over a year, Gide has lost Puech, Bonnasse, Djehane, Skovron, Doat, Le Douce-Bercot, Tatar, Rossa, Mathez, Caillemer…
    That’s about 10% of the partnership.

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  • A downfall that doesn't come as a major shock to anyone who knows Gide well enough.

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  • The five M&A partners between them must have accounted for some 15% of the firm's revenues, probably more. They are people with impressive reputations, too. Coupled with rumours of closure of offices (what about London, which has lost three out of four equity partners in 15 months?) the comments below sound only too accurate ....

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