Top Firms Flexing Their Muscles

A whole host of US firms are currently wooing laterals away from renowned competitors. Between Brexit and what is still an unpredictable legal framework in their own country, Germany is looking more attractive to them than ever.

There is no room for complacency at the top of the market. Some of the highly profitable US firms are currently taking advantage of their financial means to expand. Never before have so many high-profile partners moved from the market leaders to the US competition to enhance their German teams. The higher profitability of US firms is nothing new. But it is worth taking a closer look at what is driving them to invest so heavily in the German market.

Many lawyers were particularly enthralled by Latham & Watkins. In the past two years, the US firm has recruited some of the most prominent private equity, antitrust and finance partners from the German offices of the top London firms Allen & Overy, Clifford Chance, Freshfields Bruckhaus Deringer and Linklaters – and has declared its intention to launch an attack on the top of the market.

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