In mid 2009, when the downturn was at its worst in Germany, Jörg-Martin Schultze was just one of many lawyers in the country who began reassessing their careers.

“The recession made people think more about their future prospects,” says Schultze, who was then Baker & McKenzie’s European antitrust head, based in Frankfurt. “Big firms are too focused on profits, and require a certain structure and hierarchy that doesn’t always work for competition law, which is complex and needs more senior involvement.”