Berlin

Berlin may be the nation’s capital but it is far from being an economic hotspot and the local legal community learned long ago that it has to be creative – or travel a lot – in order to survive. Although the venture capital scene in Berlin has become one of the liveliest in Germany, a firm with an office in Berlin does not necessarily focus on this kind of work. For many, an office here serves as an attractive base, with firms either pursuing national and international work or very specific specializations, such as regulatory work. This area thrives on the proximity to federal government institutions.

Significant developments:

- Home to a vibrant startup scene, Berlin remains a magnet for young entrepreneurs and foreign investors.

- Established legal practices continue to profit from the real estate market: investors’ coffers are full and the pressure to invest is great.

- Freshfields Bruckhaus Deringer loses a team of procurement, antitrust, state aid and customs specialists, who spin off to launch their own firm, Blomstein.