PricewaterhouseCoopers Legal

Comment: A firm recommended for M&A, which has amongst the Big Four legal practices developed most strongly in M&A. This is primarily thanks to the arrival of Schrader, who was able to bring a considerable number of clients with him from Freshfields. But the reinforcement over the past few years in Stuttgart and Nuremberg means that across a number of its offices PwC now has at least one partner with a notable transaction practice. Another arrival was the experienced Dr. Angelika Bartholomäi from White & Case for the Frankfurt/Mannheim offices. The focus is clearly on mid-cap M&A and while in contrast to the ?corporate practice the synergies with the huge consulting arms are still nascent in the M&A field, there are signs that the sector experience through the whole organization will be able to benefit the M&A legal practice.
Development potential: The senior M&A partners are spread thinly across the various offices and while that reflects the regional roots of the mid-cap M&A practice, nationwide visibility is harder to generate with the structure. The latter is necessary to achieve a further breakthrough in the market.
Recommended: Dr. Nikolaus Schrader, Dr. Dirk Stiller, Gerhard Wacker (“satisfied for years”, client), Dr. Steffen Schniepp (“impressive expertise and sensible fees”, client).
Practice: Advice at all German offices. Advice on the interface with ?energy and distressed M&A. Active for Mittelstand companies and (international) corporates. (Corporate/M&A: 11 equity partners, 28 salary partners, 55 associates)
Clients: ?? Würth Elektronik on acquisition of Amber wireless; Körber on takeover of Qubiqa Logistics and MTC; Tönnies Holding on takeover of Tican (Denmark); Südsalz on sale of Spanish table salt division; Scandector on acquisition of majority stake in Erich Utsch.
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