X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Ashurst is sizing up a potential launch in Luxembourg, a market the firm says has become more important in the wake of last year’s Brexit vote.

This content has been archived. It is available exclusively through our partner LexisNexis®.

To view this content, please continue to Lexis Advance®.

Not a Lexis Advance® Subscriber? Subscribe Now

Why am I seeing this?

LexisNexis® is now the exclusive third party online distributor of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® customers will be able to access and use ALM's content by subscribing to the LexisNexis® services via Lexis Advance®. This includes content from the National Law Journal®, The American Lawyer®, Law Technology News®, The New York Law Journal® and Corporate Counsel®, as well as ALM's other newspapers, directories, legal treatises, published and unpublished court opinions, and other sources of legal information.

ALM's content plays a significant role in your work and research, and now through this alliance LexisNexis® will bring you access to an even more comprehensive collection of legal content.

For questions call 1-877-256-2472 or contact us at customercare@alm.com

Rose Walker

Rose joined Legal Week in 2015 and was appointed news editor in 2019. She covers a variety of UK and international law firms.

More from this author

Dig Deeper

Law Firms Mentioned

<a href="http://www.almcms.com/contrib

  • Ashurst
  • Eversheds Sutherland

/uploads/sites/378/2017/02/Luxembourg-Article-201702221007.jpg"><img class="alignleft size-full wp-image-59234" src="http://www.almcms.com/contrib

  • Ashurst
  • Eversheds Sutherland

/uploads/sites/378/2017/02/Luxembourg-Article-201702221007.jpg" alt="" width="616" height="372" /></a> Ashurst is��sizing up a potential��launch in Luxembourg, a market the firm says has become more important in the wake of last years Brexit vote. The launch of an on-the-ground office in the country is currently under consideration by the firm, six years after��it��<a href="http://www.legalweek.com/sites/legalweek/2011/06/22/ashurst-adds-luxembourg-capability-to-city-practice-with-partner-hire/">added a Luxembourg desk</a> to its City corporate practice. In 2011, Ashurst recruited corporate partner Isabelle Lentz from Luxembourg��firm Oostvogels Pfister Feyten to provide Luxembourg law advice out of��London. Prior to her move to London, Lentz worked with��a number��of Ashurst���s private equity clients, including Apax Partners and Duke Street Capital. Ashursts��website currently lists 10 lawyers, including seven partners, as advising on Luxembourg legal matters. An Ashurst spokesperson said: ���Luxembourg has become a key financial centre over the last 20 years, with Brexit only enhancing its status as financial institutions look for alternative hubs in order to safeguard market access. Like many firms, we regularly review our options, but we have made no firm decisions as yet." If an office launch goes ahead, it will be Ashurst���s ninth European base,��alongside London, Brussels, Frankfurt, Glasgow, Madrid, Milan, Munich and Paris. Other UK top 50 firms to have launched in Luxembourg in recent years include <a href="http://www.legalweek.com/sites/rosewalker/2016/01/12/bird-bird-opens-luxembourg-office-as-net-debt-increases-by-21/">Bird &amp; Bird</a>,��<a href="http://www.legalweek.com/sites/legalweek/2017/05/02/norton-rose-fulbright-to-launch-in-luxembourg/">Norton Rose Fulbright</a>��and Eversheds Sutherland, which opened an office in the country last month with��<a href="http://www.legalweek.com/sites/legalweek/2017/09/06/eversheds-sutherland-moves-into-russia-and-luxembourg-markets-with-triple-office-launch/">the hire of a two-partner team from Simmons &amp; Simmons</a>. Separately,��Ashursts City base has shaken up the way it assesses its London corporate associates with the introduction of more frequent feedback, following��a successful pilot of the new system. To date, associates have been given feedback twice a year by partners, but London managing partner Simon Beddow <a href="http://www.legalweek.com/sites/legalweek/2017/01/18/were-fixing-it-ashursts-first-london-managing-partner-on-improving-the-firms-fortunes/">told <em>Legal Week</em>��this January</a>��that he wanted to ensure junior lawyers were��given proper feedback in a formalised way as each matter closes. Following��a successful pilot in the corporate department this summer, the measure has now been rolled out formally. Beddow said: ���Associates have said for some time they have wanted more regular feedback. We thought we could use��our��work allocation scheme to identify when a matter closes and then use that as a prompt for the key partner or senior associate to feed back on the associates who worked on the matter with them.��� Once a��deal closes, the senior lawyer on the matter receives an email with questions on the associate���s performance on the deal, which they then return to the work allocation officer. The results are then distributed to the associates. Beddow added:�����It has immediately been very popular and has had interest from other practice areas. We would hope that over the next 12 months other practice teams that use the work allocation process will start using the same feedback programme.��� <

  • Ashurst
  • Eversheds Sutherland

>
 

Law Firm Partnership AgreementsBook

An essential guide.... It should be on the desk of every managing partner. Robert W. Hillman, Esq., Professor of Law, University of California at Davis,Author,...

Get More Information
 

Global Independent Law Firms Forum 2020Event

Annual conference bringing together the leaders of independent law firms from around the world, from 40+ jurisdictions.

Get More Information
 
 

ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.