Clyde & Co has bulked up its construction disputes team with the addition of longstanding RPC partner Richard Moody in London.
Moody was a partner in RPC’s construction team for 15 years, specialising in professional indemnity for architects, engineers, surveyors and contractors, as well as defects claims, financial disputes and all aspects of construction insurance.
He joins Clyde & Co on Monday (3 February). Clydes insurance partner Simon Konsta said the hire was part of an ongoing strategy to build on the firm’s construction professional indemnity (PI) practice.
He said litigation partner Patrick Perry was driving growth of the group in Asia and that Moody’s hire would bolster that effort internationally as well as in the UK.
Konsta said the strategy was “to invest in the strongest possible platform for leading specialists in our chosen areas so that they can develop and grow market leading practices across our offices in the UK and our international network”.
Clyde & Co added 39 members over 2012/13 and raised the discretionary profit share by over 20 per cent to £81.6m on top of a remuneration package of £3.3m, according to its latest LLP filings (22 January 2014).
Turnover at the firm increased from £285.8m to £334.5m and profit was up 20 per cent, from £70m to £84.9m.