In most markets, it wouldn’t qualify as news but in the conservative Swiss legal community, the creation last April of Meyerlustenberger Lachenal via a merger between Zürich’s meyerlustenberger and Geneva’s Lachenal & Le Fort is still making waves. Currently listed as one of the largest law firms in Switzerland, it is present in Zug, Lausanne and Brussels, in addition to Zürich and Geneva.
The roots of Lachenal & Le Fort date back to 1882, while meyerlustenberger was established in 1975. According to Christophe Rapin – a Lausanne-based partner at the combined firm – an important driver behind the merger, which created a 30-partner practice, was to ensure national coverage of the Swiss market, particularly for the firm’s international clientele.
Continue reading “Switzerland – Being Prepared”
RPC has beefed up its corporate practice with the hire of three of Wragge & Co’s heavyweight partners as it targets more mid-sized deals for the largest FTSE 100 and 250 companies and multinational businesses.
The City Domestic firm hired Wragges’ former managing partner Richard Haywood and corporate head Maurice Dwyer. The duo joined fellow partner David Marshall at the beginning of the year.
Haywood was managing partner at Wragges from 2003 until 2006 and was also the firm’s corporate head. Most recently, he advised Premier Foods on the £182m sale of its canning division to Princes Foods. Continue reading “RPC expands corporate practice with partner hires”
As an exporting country, Switzerland is not immune to the general crisis and slow down of growth in the rest of Europe. Add to this a tough financing environment, and it is no surprise that the country’s transactional lawyers are reporting a dwindling deal flow.
A key issue for international M&A deals in Switzerland is the strong Swiss franc. In 2011, because prices kept increasing for dollar or euro-based buyers, some inbound acquisitions of Swiss businesses by foreign acquirers failed after following due diligence. However, it’s not just a robust currency that is affecting Switzerland’s M&A transactions. ‘Because the Swiss economy has resisted the global meltdown fairly well in comparative terms,’ says André Gruber, one of the Geneva-based founding partners at Swiss legal practice DGE, ‘Swiss assets are also comparatively expensive.’ Continue reading “Switzerland – Splendid isolation”
Israel has the highest number of lawyers per capita of any country in the world – one lawyer for every 166 people – and so far it has managed to keep them all busy. For a country with a population of 7.3 million, a legal profession boasting 44,000 participants is quite some feat (the UK has 150,000).
In the past decade many of the top Israeli firms have doubled in size and have regularly been outperforming the wider market. The economy has flourished, international business has taken off and law firms have reaped the rewards. Now they just have to keep up the momentum. Continue reading “A hive of activity”