Shearman & Sterling is set to pull out of Munich and Duesseldorf by the end of the year, leaving the US firm with one remaining office in Germany.

The office closures, confirmed today (23 April), will result in a number of partners relocating to Frankfurt – including Duesseldorf senior partner Georg Thoma. However, it is also expected to lead to a number of lawyers and staff leaving Shearman in Germany, with the firm still reviewing the possibility of redundancies. It is not yet clear how many positions could be affected.