DLA Piper has hired two partners from Salans in Frankfurt, just months before Salans’ merger with SNR Denton and Fraser Milner Casgrain takes effect.
Dietmar Schulz and Mike Danielewsky, both restructuring partners in Salans’ Frankfurt office, will join DLA Piper in the New Year. The duo joined Salans from Ashurst in 2010 (7 January 2010) and Danielewsky became a partner at Salans in January this year (10 January 2012).
The departures of Schulz and Danielewsky come after a team of three partners quit Salans’ Berlin office for US employment boutique Ogletree Deakins last month (14 November 2012).
Both partners focus on restructuring and insolvency. Schulz advises on the cross-border restructuring of credit risks with banks and trading with loans as well as advice for companies in crisis, while Danielewsky mainly acts for banks and investment companies on acquiring and restructuring loans and loan portfolios and on structured products.
DLA Piper German managing partner Jan Geert Meents said the hires would expand the firm’s restructuring practice as well as “creating interfaces” with the finance and projects and real estate teams.
In late November Salans confirmed it was tying up with SNR Denton and Canadian firm Fraser Milner Casgrain in a three-way merger that will be branded as Dentons (28 November 2012). Of the three firms, Salans is the only one with a presence in Germany.