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Frontrunners emerge for Clyde & Co senior partner role

Doing something different will be essential if this firm is to be viable beyond its recent spate of expansions. The growing balance sheet needs feeding and the insurance market won't be the easiest larder to rely on going forwards. Unless Clydes can diversify (including shedding its silverback persona) into non-insurance areas with more success and somehow extract itself from the less remunerative prizes obtained through the BLG blag, it will increasingly become vulnerable to breakaways lead by partners and teams looking for the levels of profitability that their specialisms merit and which will be diluted by the less profitable practices and expanding central overheads - including property costs both new and residue. Peter Hasson will know this but whether he will be able to team up with a similarly enlightened Senior Partner remains to be seen.

14-Dec-2012

1:51 pm