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Clifford Chance has raided Lovells German practice for a five-strong private equity team.
Lovells head of German private equity Oliver Felsenstein quit the firm this morning (20 September) to move to Clifford Chance’s Frankfurt office. Felsenstein is ...
Clifford Chance has raided Lovells' German practice for a five-strong private equity team.
Lovells head of German private equity Oliver Felsenstein quit the firm this morning (20 September) to move to Clifford Chance’s Frankfurt office. Felsenstein is taking a team of four associates with him.
Clifford Chance Frankfurt head Christopher Kellett told The Lawyer: "We have a strong practice here. It's a busy market and we see scope for expansion."
Clifford Chance's German private equity team numbers 12 partners over three offices.
The departure of Felsenstein will come as a blow to Lovells, which has been making efforts to consolidate its European corporate practice.
Felsenstein, a former German managing partner, is understood to be one of the biggest billers in Germany and the firm's highest-profile corporate partner. His clients at Lovells have included HG Capital and Terra Firma.
Joachim Habetha will be taking over from Felsenstein as head of Lovells’ German private equity practice.
A Lovells spokesperson confirmed Felsenstein’s departure but declined to comment further.