WEIL GOTSHAL & MANGES

Comment: In the booming market, this firm highly recommended for M&A can bring its strengths fully into play: highly complex transactions, often with a restructuring element, which justify high fees. WGM thus mainly works in special economic situations, e.g. insolvencies, exits (like Tipico), or for international (Anglo-Saxon) investors, who are used to different fee structures. In terms of reputation, Schmidt still stands out from the rest of the team by far, but Grauke and Tappeiner are coming recommended more often. The latter showed how the WGM network, which was not attributed much importance before now, can deliver interesting international clients, e.g. from Korea and China. WGM will be able to pursue such opportunities more consistently in the future; Jagersberger’s role will be key. The only setback was Dr. Volkmar Bruckner’s move to Kirkland after less than two years in Munich. This did not necessarily send a good signal to the market in terms of winning and integrating laterals.
Strengths: Outstanding reputation for deals. Also ?private equity and venture capital and ?insolvency and restructuring.
Recommended: Prof. Dr. Gerhard Schmidt (“great in really complicated deals”, client), Stephan Grauke (“excellent legal expertise, his role in Frankfurt is underrated”, competitor), Dr. Christian Tappeiner, Dr. Barbara Jagersberger.
Practice: Advice on complex (cross-border) transaction structures in the financial industry and the technology sectors for foreign investors and German corporates. ?Tax; also real estate transactions. (7 partners, plus associates)
Clients: ?? ?EZ Group on acquisition of 35 wind turbines in north Germany; HNA Airport Group on acquisition of state of Rheinland-Pfalz’s share in Frankfurt-Hahn Airport; Centerbridge Partners, Goldman Sachs on sale of ATU to Mobivia; GE on German law aspects of GE Water; Elementis on acquisition of SummitReheis.
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