Market report: France – En Marche!

Market report: France – En Marche!

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.’

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Ashurst Paris corporate team chooses Freshfields as Magic Circle firm reinvigorates offering

Ashurst Paris corporate team chooses Freshfields as Magic Circle firm reinvigorates offering

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”

‘Already deep bench’: Quinn boosts Paris offering with Allen & Overy and HSF hires

‘Already deep bench’: Quinn boosts Paris offering with Allen & Overy and HSF hires

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”

Euro elite: focus France – Liberté, égalité, fraternité

Euro elite: focus France – Liberté, égalité, fraternité

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.

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Revolving Doors: Squire and Watson Farley make Paris hires in big week for international appointments

Revolving Doors: Squire and Watson Farley make Paris hires in big week for international appointments

Paris has been a hot spot for lateral hires this week, as firms including Squire Patton Boggs, Watson Farley & Williams (WFW) and Mayer Brown make international appointments across the board.

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An American in Paris: Jones Day seeks to bolster teams through local recruits

An American in Paris: Jones Day seeks to bolster teams through local recruits

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.

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Respected Paris boutique launches London arm to target deal work

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.

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