Global players scaled up their investment in continental Europe this autumn, with Dentons launching its fourth German base and White & Case growing its French team. Meanwhile, Weil, Gotshal & Manges has shut its doors in Prague, its second office closure in central and eastern Europe (CEE) in 2018.
Dentons’ fast-growing German branch hired Taylor Wessing’s former head of competition, EU and trade, Andreas Haak, and employment partner Sascha Grosjean to lead the opening of the new outpost in Düsseldorf in January 2019. Germany managing partner Andreas Ziegenhagen told Legal Business the firm aims to have around 30 lawyers in the city in Germany’s industrial heartland, bringing the total headcount in the country to over 200. Continue reading “Globetrotters in Europe: Dentons and White & Case expand operations as Weil scales back in CEE again”
Weil, Gotshal & Manges is continuing to scale back its once-potent central and eastern Europe (CEE) operations with its entire Czech Republic-based team set to spin off at the end of the year.
The New York firm confirmed today (27 November) that veteran Prague managing partner Karel Muzikář will quit after more than 25 years to set up an independent shop from 31 December alongside fellow partners Karel Drevinek, Petr Severa and Karolina Horakova. Continue reading “Another CEE closure for Weil Gotshal as Prague team launches independent firm”
Ashurst is targeting a significant uptick in its European funds offering, having received licence approval for a new Luxembourg office from the country’s Bar association.
Corporate partner Isabelle Lentz – currently head of its Luxembourg desk in London – will take the helm at the new outpost, which is set to open in October. Continue reading “Ashurst sets sights on funds and Brexit fallout work with new Luxembourg arm”
Ashurst is a step closer to building out its European funds offering having today (22 June) received licence approval for a new Luxembourg office from the country’s Bar association.
Corporate partner Isabelle Lentz – currently head of the firm’s Luxembourg desk in London -will take the helm at the new outpost, which is set to open in October. Continue reading “Ashurst targets funds and Brexit business with Luxembourg launch”
The mood among most managing partners at independent law firms from Lisbon to Moscow is certainly upbeat. And for good reason. Our third Euro Elite survey shows overall revenues of continental Europe’s 25 top independents had a strong year, reaching €4.04bn.
The number is only marginally up on last year’s €4.03bn, but with smaller outfits from Russia and the Baltics joining the elite club it still speaks of a robust performance among continental European players. The total number of lawyers in the group is marginally down to 10,753 from 10,867, while partner numbers have risen to 2,355 from 2,338. Continue reading “Europe’s elite continues robust performance as multi-site firms prosper”
William Fry’s David Carthy will join the firm to head new office
The decision of DLA Piper to join a handful of other City and international firms that have opened a Dublin office in the last year was partly to do with the UK’s move to leave the EU, and partly not. Continue reading “DLA joins Brexit march to Dublin after finding the right kind of leader”
Legal Business 100 pacesetter Fieldfisher has further extended its European reach with the opening of a new office in Luxembourg, which will be managed by country managing partner Ingrid Dubourdieu who joins from local firm D.Law.
Initially focusing on finance and funds work, the London-headquartered firm expects the office to grow into corporate M&A and international tax, and will complement existing offices in Brussels and Amsterdam. Continue reading “Fieldfisher continues European push with Luxembourg and Frankfurt offices”
The good times are back in Europe – at least for now – making growth the word on every managing partner’s lips. According to the International Monetary Fund, last year’s European recovery was an ‘engine of global trade and economic growth’. Across the EU27, annual GDP grew between 1.5% and 5% – the biggest figures being recorded among the smallest member states that experienced a severe post-crisis downturn, including Ireland and some CEE countries.
The corollary? Bullish stock markets and buoyant initial public offerings with Mergermarket data showing that European M&A hit a post-crisis high of $929.3bn across 7,235 deals in 2017 – Europe’s resurgence has unleashed a wealth of corporate dealmaking ambition. Continue reading “The Euro Elite Overview: Ode to Joy”