Firms that would have once been considered large in Germany are now seen as 'boutiques'. But, far from being left behind in the aftermath of globalisation, they are thriving on the work that the multinational firms are just too big for, writes Andreas Rittstieg
June 04, 2003 at 08:03 PM
1 minute read
The original version of this story was published on Legalweek
Only 20 years ago, law firms of between 10 and 20 lawyers ranked among the largest in Germany. It took the decision of the German Supreme Constitutional Court – the Bundesverfassungsgericht – allowing multi-city firms to start the practice of commercial law.
The Bundesverfassungsgericht decision opened the way for a first wave of mergers involving most of the leading commercial law firms in the country, which resulted in multi-city practices having a size of up to 100 lawyers.
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