Europe/Germany - Page 16
Deutsche Bank targets at risk as legal costs drag down results
Germany's biggest bank has warned that it might not reach its 2020 performance goals if it has to continue to make large payments becuase of regulatory fines and settlements.
Greenberg Traurig to open 14-partner Berlin office from Olswang ashes
The 50-partner team which recently announced its departure from Olswang will become the 38th office of the 1,800-lawyer US-based practice on 1 October.
Latham loses Munich founder to Kirkland & Ellis
Former Munich managing partner and global vice chair of corporate Jorg Kirchner is to transfer to Kirkland & Ellis, although his arrival date has not been set.
Olswang's Berlin office plans mass move and starts talks with MoFo and others
Freshfields and Morrison & Foerster are believed to be among the firms with which the 50-strong team at Olswang has begun negotiations - in preparation for a mass move after agreeing to leave the UK-based international firm.
Olswang Berlin partners split off to set up boutique
Olswang is to focus its German practice through its Munich office and its TMT sector group, following the departure of 13 equity partners and their staff - mostly in corporate and finance - from Berlin.
PwC Legal hires Mayer Brown's former German chief in financial services drive
PwC Legal is developing its German legal team with the hire of Mayer Brown banking and finance partner Jorg Wulfken, as the firm attempts to build a financial services offering outside of the US.
Eversheds merges with long term German partner Heisse Kursawe
The 4,000-person international firm will be called Eversheds Deutschland following the merger with the top 50 German firm which has a presence in Munich, Berlin and Hamburg.
Legal provisions contribute to departure of Deutsche top duo
The joint resignation of the two co-chief executives of the German bank has been partly prompted by apparently unsuccessful attempts to get on top of a continuing stream of legal and regulatory problems and fines.
Hamburg lawyers protest over German surveillance plans
Lawyers from across Germany gathered in Berlin to campaign against plans to reintroduce a bill allowing for mass storage of data.
Skadden corporate trio join Hogan Lovells to beef up Frankfurt office
A leading Skadden Arps lawyer who advises Apax Partners, Matthias Jaletzke, is joining Hogan Lovells alongside a European counsel and a corporate associate.
German companies switch to e-discovery methods
Two-thirds of in-house counsel in German companies are using e-discovery in domestic litigation even though there is no legal requirement for discovery.
Reed Smith opens in Frankfurt after raiding other US firms
Reed Smith opens its second office in Germany on 1 June - with seven partners who come from Mayer Brown, Orrick, Wilkie Farr and Jones Day.
Orrick closes in Frankfurt and Berlin, offering relocation to 18 lawyers
The five partners and 13 associates are being offered relocation by the 950-lawyer firm to either of the other two German offices which will remain open, in Dusseldorf and Munich.
Nine partners expected to leave CC in Germany
The flow of partners out of Clifford Chance is continuing as a capital markets partner leaves the Frankfurt office - meaning that four partners have left in 13 weeks, half the total of the German practice's strategic review target of nine exits.
Tax specialist Flick Gocke opens fifth office in Hamburg
The 104-partner German practice Flicke Gocke Schaumburg is to open a Hamburg office in the summer, servicing it with a team of 20, some of whom will work part-time in the new base.
CC loses third German partner in a month as ex-corporate boss joins Milbank
The departure of ex-corporate chief Arndt Stengel for Milbank Tweed Hadley & McCloy in Frankfurt follows on the heels of two partner losses in February to Latham & Watkins.
Latham recruits corporate duo from CC in Germany
Latham & Waktins has recruited the head of Clifford Chance's corporate group in Germany, Oliver Felsenstein, and another corporate and private equity specialist, Burc Hesse, to help it bulk up its well-known private equity practice.
Deutsche Bank surprises analysts with low legal provisions
Deutsche Bank has surprised the market by both going into profit in Q4 and by posting legal provisions of €207 - about a quarter of what had been expected.
Bird & Bird to face €130m negligence suit from German property funds
A group of about 30 real estate funds is suing the firm in connection with the criminal trial of a former client of the Hamburg office who faces embezzlement charges, The Lawyer reports.
Bird & Bird duo called as witnesses as client charged with embezzlement
A recently retired German partner in Bird & Bird and a lawyer in the firm have refused to answer questions in relation to a head of a client business who is on trial on embezzlement charges of €147m.