Herbert Smith faces fierce competition in 'over-lawyered' German market
The news that Herbert Smith Freehills is set to launch in Germany later this year has been met with a mixed response from the local market, with lawyers questioning whether the firm will be able to come close to matching the strength offered through its former alliance with Gleiss Lutz. The firm last week confirmed it is opening an office in Frankfurt in the second quarter of 2013 with the hire of Ralf Thaeter, who was head of corporate and M&A at Gleiss. The office will initially focus on M&A, corporate, disputes and finance work, with a view to expanding to a full-service offering. The firm was not able to open in the country earlier than January 2013 due to the wind-down terms of its alliance with Gleiss and Benelux firm Stibbe, which broke down in December 2011.
Local advisers warn of challenges ahead as Herbert Smith sets out to build German practice
This premium content is reserved for
Legal Week Subscribers.
A PREMIUM SUBSCRIPTION PROVIDES:
- Trusted insight, news and analysis from the UK and across the globe
- Connections to senior business lawyers within the leading law firms and legal departments
- Unique access to ALM's unrivalled, market-leading reporting in the US and Asia and cutting-edge research, including Legal Week's UK Top 50 and Global 100 rankings
- The Legal Week Daily News Alert, Editor's Highlights, and Breaking News digital newsletters and more, plus a choice of over 70 ALM newsletters
- Optimized access on all of your devices: desktop, tablet and mobile
- Complete access to the site's full archive of more than 56,000 articles
Already have an account? Sign In Now
For enterprise-wide or corporate enquiries, please contact Paul Reeves on Preeves@alm.com or call on +44 (0) 203 875 0651