Lawyers from a number of independent firms in Germany say the credit crunch has yet to have a major impact on their overall workload. And while they are clearly keeping a close eye on the evolving economic situation, many firms are maintaining plans to take on new lawyers - evidence of the seemingly resilient state of many of the country's independent players. "It is too early to tell what the impact of the credit crunch will be," explains Rainer Loges, managing partner of Gleiss Lutz. "We have seen less new large M&A deals and fewer leveraged deals in general - and some M&A deals have collapsed altogether - but besides that there have not been big changes so far. The profession is expecting a slower year for 2009, but my impression is that most people don't think it will be that bad. I would not expect many German firms to lay off people. In any event, we are planning to hire further."
December 10, 2008 at 06:16 PM
1 minute read
The original version of this story was published on Legalweek
Germany’s stable independents are looking ahead with relative confidence. Heather O’Brian reports
Lawyers from a number of independent firms in Germany say the credit crunch has yet to have a major impact on their overall workload. And while they are clearly keeping a close eye on the evolving economic situation, many firms are maintaining plans to take on new lawyers – evidence of the seemingly resilient state of many of the country’s independent players.
Presented by BigVoodoo
Celebrate outstanding achievement in law firms, chambers, in-house legal departments and alternative business structures.
The African Legal Awards recognise exceptional achievement within Africa s legal community during a period of rapid change.
Law firms & in-house legal departments with a presence in the middle east celebrate outstanding achievement within the profession.
A large and well-established Tampa company is seeking a contracts administrator to support the company's in-house attorney and manage a wide...
We are seeking an attorney to join our commercial finance practice in either our Stamford, Hartford or New Haven offices. Candidates should ...
We are seeking an attorney to join our corporate and transactional practice. Candidates should have a minimum of 8 years of general corporat...
MELICK & PORTER, LLP PROMOTES CONNECTICUT PARTNERS HOLLY ROGERS, STEVEN BANKS, and ALEXANDER AHRENS
