Tue, 21 May 2013
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Jones Day bolsters Paris finance team with Gide hires
It's very interesting to see the same comments getting in first on every single Gide article, it's almost enough to make one think that somewhere, an axe is being ground...
But is this not just a spot of musical chairs? Caillemer de Ferrage has a finance practice, and Gide's New York office isn't big enough to let him do what he wants in the States, so he joined Jones Day, which is massive in the US. Boileau recently joined Gide from Jones Day, so it seems more like people finding the best fit than a 'sinking ship'.
Gide is far from the only firm to fail to crack the US, and far from the only firm to lose finance guys as a result. As for how to change that situation and be seen as "global", whatever that means, that's a different (and difficult) question that I hope the new management are tackling.
Also, I might read too much into it, but "it does not harm being accurate" and "here is for the alleged lack of international standing" are phrases that can only have been written by a French speaker.
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