Eversheds Sutherland, looking to expand its presence in Europe ahead of the U.K.’s exit from the European Union next year, is boosting the size of its Munich office with a 10-lawyer employment team.
Labor and employment partner Marco Ferme and nine associates from the German firm Beiten Burkhardt are expected to join the firm, although their start dates have not yet been confirmed.
Ferme, who made partner at Beiten Burkhardt in 2010, advises clients in several industrial sectors, including companies in the metal and electrical, chemical, health care and food industries.
The European hires follow moves made last year by Eversheds to expand in Europe. The firm moved into Russia and Luxembourg last year with a series of team hires from Simmons & Simmons and Nordic firm Hannes Snellman, and opened its fourth German office in Duesseldorf.
Eversheds co-CEO, Lee Ranson, told Legal Week, ALM Media’s London-based publication, that the firm is targeting an overall growth drive within its offices in Europe.
“We are looking at growing our continental European offices, particularly in the financial services sector, in response to Brexit,” he said. “We hope to expand our German, Dutch and Paris offices.”
The firm also fully merged with its Dutch affiliate firm at the start of 2018, following a 10-year association.
Ranson added that there are no imminent plans for the firm to open any new offices in Europe, but instead wants to “build critical mass” within its existing bases.
Co-CEO Mark Wasserman added that in the United States, the firm is aiming to grow its New York and Texas offices, and is still eyeing office openings in Chicago and Silicon Valley. He identified finance, tax, white-collar crime, corporate and M&A practice areas as particular areas the firm wants to expand in.
This February the firm announced revenues of $1.03 billion in its first financial results since the trans-Atlantic tie-up of Eversheds and Sutherland Asbill & Brennan one year ago. The revenue figure, which relates to the financial year ending Dec. 31, 2017, was aggregated from the financial results of the firm’s various arms, which are not fully financially integrated.
The firm’s latest strategic plan, which it set out this January, includes a goal of achieving a “common culture across all international operations”.
“We’re still very much focused on integration, which has gone really well so far,” Ranson said. “Individuals from both legacy firms really do get on, and we were clear from the beginning that it was up to partners, practice group and sector heads to create those relationships. They have to create their own links and get to know each other.”
The firm declined to comment on Ferme and the team’s hire.