Austria's Schoenherr has opened up its equity to partners outside its headquarters for the first time, 16 years after opening its first international office. The five new partners -- based in Serbia, Romania and the Czech Republic -- will account for just over 20 percent of the firm's total equity partnership. "Quite some time ago, we started to transform ourselves from an Austrian firm into an international firm," says the managing partner. "But you cannot be truly international with ownership that is only local."
Austria's Schoenherr Opens Equity to International Partners
The American Lawyer
November 23, 2010