Skadden Arps Slate Meagher & Flom is set to launch a dedicated capital markets practice in Germany, with the hire of two partners from US rival Shearman & Sterling.

The New York firm has hired Shearman’s European capital markets head Stephan Hutter and fellow partner Katja Kaulamo (pictured) for its Frankfurt office, taking its partner count in Germany to nine, including six in Frankfurt.