US firms have been busy expanding their European finance ranks this week, with Latham & Watkins scooping yet another Magic Circle partner and Ropes & Gray hiring a leveraged finance partner in London.
In its race to the top of the German legal market, Latham has come back to London’s big four for the third European hire in less than two months. Continue reading “Latham continues European assault with Magic Circle hire in Germany while Ropes adds London finance partner from Goldman”
Germany has today (12 February) taken centre stage in the European lateral recruitment market with Clyde & Co announcing the launch of a new office in Hamburg on the back of a four-partner team hire from insurance and shipping rival Ince & Co.
Clyde will be launching its second German office after Düsseldorf later this year, with Ince’s former head of English law Daniel Jones and head of admiralty and energy Eckehard Volz. Continue reading “Revolving doors: Clyde & Co launches in Hamburg with four-partner Ince team”
What a difference a few hundred miles can make: an election not resulting in a clear majority; a government polling much worse than expected; a leader weakened; and complicated negotiations ahead. In London, such headlines spell uncertainty, prudence, even panic.
While any poll in the UK fills its legal community with trepidation, the Germans reacted to the results of the federal election on 24 September by either stressing that no-one should overestimate the impact of politics on business or by saying it was good news. Says Georg Seyfarth, veteran corporate partner of German blueblood Hengeler Mueller: ‘Building the coalition will be difficult and it will take time. However, eventually we will see a “Jamaica coalition”, which will be good for businesses. The M&A market will not be affected.’ Continue reading “Letter from… Frankfurt: Where political deadlock is fine for business… but not all lawyers”
Merger talks between Addleshaw Goddard and German outfit Luther have ended after Luther called off the deal, Legal Business understands.
Continue reading “It’s over: German firm Luther calls off Addleshaws merger talks”
With Brexit dominating the EU agenda and causing widespread paralysis in the continent, Germany’s law firms are simply going about their business
Turbulence and trauma may have been the global hallmarks of 2016 – at least according to the headline writers – but not so in Germany. For the third year in a row, the German government did not borrow any money, unemployment fell to a 26-year low of 5.8% while GDP grew by 1.9%, the highest rate in five years. Meanwhile, Germany’s trade surplus has hit another record high.
Continue reading “Market report: Germany – Wennschon, dennschon”
In a bid to offer more flexible career options for associates, Linklaters is trialling an alternative career track which would see associates take a pay cut for a reduced working week in its German offices. Continue reading “Linklaters trials fixed-hours week for German associates”