From its work in Germany on the landmark Daimler/Chrysler merger, to its representation of Goldman Sachs on Europe’s largest ever LBO, the Hengeler name has retained a certain cachet that has kept it apart from its Anglo-Saxon rivals.
However, amid the worst recession to hit Germany in decades, some rivals are questioning the 70-partner firm’s continued elite status.
Figures for Q1 2003 German M&A recently placed it in 10th place for value of announced transactions and the performance of some firms, especially New York’s Shearman & Sterling, is leading some to cast doubt on Hengeler’s ability to continue fending off its foreign rivals. Against such onerous odds, can the firm really win through?
