CLIFFORD CHANCE

Comment: A leading firm in corporate. Due to the increasing complexity of cross-border transactions, corporate structuring advice in the run-up to and following deals is coming ever more to the fore for this transaction-driven practice. Its progress can be attributed to the long-standing concept of having its corporate lawyers specialize in particular sectors, allowing them to establish relationships to new clients, e.g. Schaeffler and Freudenberg. The advice to the pharma corporate Pfizer on internal restructuring, whereby Düsseldorf partner Holstein oversaw the parts outside the US, demonstrated how successful CC’s model is. It also shows how far the younger generation has penetrated into the boardrooms. CC played a prominent role in some of the most significant public takeovers, e.g. that of Kuka, thus underlining its work at the very pinnacle of the market. Vogel is the first younger partner in years to attract attention here, which is all the more important given that Dr. Thomas Stohlmeier went into retirement. All the same, CC still has a smaller headcount than its main competitors.
Strengths: Long-standing recognized specialties in the ?real estate, ?healthcare and financial sectors.
Development potential: The comprehensive work on setting up international banks in Europe following Brexit is just one of the current challenges faced by the practice. This means huge amounts of work for the European corporate lawyers, thanks to the firm’s good contacts to banks. However, this requires more partners who view the banking sector as a source of corporate work and not just transactions.
Recommended: Dr. Anselm Raddatz (“in-depth knowledge of the energy sector”, competitor), Dr. Andreas Dietzel, Dr. Christof-Ulrich Goldschmidt, Dr. Björn Heinlein, Dr. Thomas Krecek (“smart, good ties to banks”, competitor), Dr. Christian Vogel, Dr. Stefanie Tetz, Dr. Christoph Holstein (“gaining in profile”, competitor), Dr. Frank Scholderer (“excellent lawyer, calm and level-headed”, client).
Practice: Traditionally rooted in German corporates; cross-border advice to large corporates with a focus on regulated industries and ?M&A. Also active for investment banks in corporate. Also ?litigation and liability. (18 partners, 4 counsel, 22 associates, 1 of counsel)
Clients: ?? Kuka on public takeover bid by Midea Group; Freudenberg on dissolution of JV with Trelleborg; Coca-Cola on JV in IT; Thyssengas on cross-border merger of a Luxembourgian holding into German parent company; EQT Infrastructure on strategic partnership with Getec.
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