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Gide turnover slumps below €200m for 2011

(2) - 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, constant power plays and partner hatred. Overall, its future is not 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. In the short run, however, expansion is stalled and revenues and profits are down; and the exodus will most likely continue.

17-Sep-2012

7:14 am