Comment: A leading firm in insurance law, this practice is setting standards with its numerous subspecializations and intensive market penetration. Clients regularly attest to the lawyers’ “profound understanding of the industry”. It is a sign of its market position that, in the case of the Germanwings plane crash, the insurer AGCS turned the worldwide settlement of claims over to the firm. Its instructions from diverse D&O insurers in the course of the VW emissions scandal are further evidence of this. The great extent to which the firm is constantly involved in the issues dominating the market is shown by the fact that, because of their experience in the drafting of W&I policies, Langheid and Grote are regularly called upon by various M&A firms to provide support in complex coverage questions. BLD recently strengthened this area with a partner appointment and the recruitment of a counsel from Pöllath + Partners in Munich. Overall, four internal partner appointments demonstrate that BLD is training a new generation. Two of them, Marcel Hohagen and Dr. Simon Kubiak, have already recently been praised by clients. The latter took over the field of pecuniary loss liability from Dr. Jürgen Wolters, who moved to a position as CEO at a liability insurance fund. However, partner Eva-Maria Goergen left BLD for competitor Ince.
Strengths: Specialist for sector-specific questions and market-leading contacts to the insurance industry.
Development potential: BLD maintains long-established relationships with international partner firms that have recently proved effective in inbound as well as outbound business. The firm would like to develop this best-friend network still further, incl. as a counter model to the internationally established competitor Clyde & Co, which this year set up an office in Germany. A few years ago, plans to merge the two firms were under discussion, but in the end BLD decided on a stand-alone position.
Recommended: Dr. Rainer Büsken (“collegial and highly competent”, competitor), Dr. Theo Langheid (“have great respect for his expertise”, competitor), Christoph Müller-Frank, Prof. Dr. Dirk-Carsten Günther, Dr. Joachim Grote (“perennially satisfied, incl. in general insurance conditions questions”, client; “outstanding expertise in regulatory law”, “very visible on the market”, competitors), Björn Seitz (“results- and client-oriented approach”, competitor), Bastian Finkel (“very good in his field, one can negotiate with him with confidence”, “outstanding expertise”, competitors; both D&O), Dr. Jürgen Veith, Dr. Stefan Spielmann, Dr. Reinhard Dallmayr.
Practice: Broad spectrum of litigation and advisory work. Litigation in damage claims, incl. D&O, E&O, health and property insurance and general as well as product liability ( ?commercial litigation and liability). Advice on establishing pension funds and on company pensions; life insurance and D&O products. Regular advice on regulatory issues in ?corporate advice to insurers. Ongoing cooperation with German and international firms on corporate issues. International network with befriended insurance law firms, also member of global firm network Harmonie Group. (42 partners, 5 counsel, 109 associates, 2 of counsel)
Clients: ?? Germanwings (insurance syndicate around AGCS) on worldwide coordination of damages settlement after plane crash; Gothaer in coverage dispute over Grüne Hölle Rock; diverse D&O insurers in connection with the VW emissions scandal; insurer on sanction clauses in international matters; insurer on structuring of W&I policy.