With France’s political landscape settled and its EU status reconfirmed, the country’s law firms are feeling confident
The French presidential election in May drew widespread attention, but now that Emmanuel Macron is safely installed in the Élysée Palace, will it make any difference to businesses and their law firms? ‘It’s a great relief for the whole business community,’ says Stéphane Puel, managing partner of Gide Loyrette Nouel, France’s largest independent full-service law firm with 503 lawyers. ‘It’s difficult to tell whether this will have a huge impact generally, but it will have a huge impact on the confidence of business players in France.’
Continue reading “Market report: France – En Marche!”
Madeleine Farman on a rare team move between London-based international players
In one of the most significant team hires between major City players for some time, a group of five Paris corporate partners – collectively responsible for a book of business worth £8m – is moving from Ashurst to Freshfields Bruckhaus Deringer. Continue reading “Ashurst Paris corporate team chooses Freshfields as Magic Circle firm reinvigorates offering”
Following its Belfast merger at the end of 2016, DWF has launched in Paris with the acquisition of four partner law firm Heenan Paris. Continue reading “‘Our growing European footprint’: DWF launches in Paris with four partner firm”
Quinn Emanuel Urquhart & Sullivan has added to its international bench yet again, with Allen & Overy (A&O) global co-head of arbitration Michael Young alongside the Paris hire of Herbert Smith Freehills’ (HSF) Paris disputes head Isabelle Michou (pictured) Continue reading “‘Already deep bench’: Quinn boosts Paris offering with Allen & Overy and HSF hires”
Strong competition from UK and US firms in Paris and a penchant for tight, focused practices means French firms do not feature large among the Euro Elite.
With its lack of large full-service domestic law firms, the French legal market is unique when compared with other European jurisdictions. A traditional culture of non-partnership and a low threshold when it comes to international investment has created a legal landscape where the few larger French firms face fierce competition from smaller French boutiques, as well as the significant US and UK presence that dominates the Paris market.
Continue reading “Euro elite: focus France – Liberté, égalité, fraternité”
Jones Day has launched a fund formation practice in Paris through the hire of partner Catherine Martougin from Luxembourg firm Arendt & Medernach in a bid to boost the firm’s private equity capabilities, while it also recruited a five-strong team from French firm Gide Loyrette Nouel to boost its TMT practice, particularly in Africa and the Middle East.
Continue reading “An American in Paris: Jones Day seeks to bolster teams through local recruits”
Mayer Brown has bolstered its European corporate team with the hire of two former Freshfields Bruckhaus Deringer lawyers, including one from Davis Polk & Wardwell, to its corporate and securities practice in Paris.
Continue reading “Targeting Paris: Mayer Brown boosts its French corporate team with Davis Polk’s Pérès”
French firm AyacheSalama has launched its first international office in the City with four partners as it looks to advise on client investment from London into France more efficiently.
The new City desk will practice French law only and aims to strengthen relationships with investment funds and banks, private equity funds and French companies that invest out of the City. It will also look to build out a client base that already includes Intermediate Capital Group, TowerBrook Capital Partners and MezzVest, with a focus on corporate M&A, private equity, finance and restructuring.
Continue reading “Respected Paris boutique launches London arm to target deal work”
Magic Circle firm Clifford Chance has hired longstanding Herbert Smith Freehills’ partner Alex Bafi, one of London’s high-profile US securities lawyers, as it expands its capital markets practice.
Continue reading “Clifford Chance takes HSF partner in bid to boost its capital markets practice in Paris”