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”
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”
DLA Piper and Ince & Co have made team hires in Germany this week, while Shearman & Sterling and Fox Williams have boosted their City offerings. Continue reading “Revolving doors: DLA Piper, Ince & Co bulk up in Germany while Shearman and Fox Williams bring in City partners”
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”
US firms K&L Gates, Covington & Burling and Orrick, Herrington & Sutcliffe are the latest to take on partners from the beleaguered European practice of King & Wood Mallesons (KWM). Continue reading “KWM latest: K&L Gates and Orrick take Munich partners as Covington poised to take top litigator Pollack and team”
Transatlantic firm Squire Patton Boggs has recruited three litigation and competition partners from US firm Wilmer Cutler Pickering Hale & Dorr, including the firm’s former Frankfurt office head. Continue reading “Squires continues German growth with three-partner Frankfurt team from WilmerHale”
Milbank, Tweed, Hadley & McCloy has confirmed private equity (PE) partner Michael Bernhardt will join the firm’s corporate department in Frankfurt from Allen & Overy (A&O). Continue reading “Allen & Overy PE heavyweight Bernhardt joins Milbank in Frankfurt”
Clifford Chance (CC) has tapped King & Wood Mallesons (KWM) for its highly-regarded Germany head of funds Sonya Pauls.
Continue reading “Top KWM funds partner exits for Clifford Chance in Germany”
Olswang has seen a 11% drop in its turnover for the financial year 2015/16 with revenues tumbling by £14.2m to £112.5m, while firm’s profits per equity partner (PEP) remained steady at £490,000.
Continue reading “Olswang turnover drops 11% after Berlin ‘decoupling’”
German independents maintain elite status in a fiercely competitive market, despite the attention of some formidable global players.
‘Our market is one of the most competitive in the world,’ asserts Tobias Bürgers, co-managing partner of Noerr, Germany’s largest independent law firm with 427 fee-earners. In 2015, Noerr increased turnover by 5% to €207.7m.
‘Over the last eight years, we’ve had 70% revenue growth. We’ve outperformed the market proportionately, relative to other firms,’ he adds.
