Leading Austrian firm Schoenherr has opened up its equity to partners outside its Vienna headquarters for the first time, 16 years after the firm established its first international office. The five new partners — based in Belgrade, Serbia; Bucharest, Romania; and Prague, 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 managing partner Christoph Lindinger. “But you cannot be truly international with ownership that is only local, so this is clearly a step in the right direction. It’s a new chapter for the firm.”

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