MCDERMOTT WILL & EMERY

Comment: With sound judgement, this firm highly recommended in real estate is constantly expanding activity. Clients recognize this and praise the “permanent optimization of advisory services”, “excellent quality” and “outstanding service”. This is possibly why MWE frequently lands high-profile market players, e.g. Oaktree and a US investor, and quickly cements these relationships. While PE clients and institutional investors supply the practice with high-profile, big-ticket deals, family offices deliver a steady stream of work, as these are independent from the market trends. The firm had to correct its course in terms of staff: hiring a public lawyer from Gleiss did not have the desired effect, and he left MWE soon afterwards. Experienced senior associate Dr. Alexa Ningelgen joined from Hogan Lovells as partner, and young lawyer Beisken was made partner. The market’s perception centered on practice head Ortmanns in the initial years, but other partners are positioning themselves now, which lends the practice more stability.
Strengths: Transactions, project development.
Recommended: Dr. Jens Ortmanns (“problem-solver, good negotiator and transaction manager”, “outstanding expertise”, clients; “vast experience and expertise in transactions”, competitor), increasingly: Dr. Ulrich Flege (“highly experienced”, client); Dr. Holger Weiß (“excellent jurist who can view a deal from the client’s perspective”, “thoroughly reliable and very diligent”, clients); increasingly: Thomas Beisken (“excellent and quick”, competitor).
Practice: Advice to real estate funds, investment banks and real estate investors. Focus on cross-border real estate portfolio transactions. (8 partners, 7 associates, incl. finance)
Clients: ?? Oaktree Capital concerning NPL portfolio; MAS Real Estate on portfolio acquisition; DC Values on project development; Hahn Group on acquisition of commercial real estate; ongoing rent law advice to Mango, McArthurGlen.
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