DLA Piper Rudnick Gray Cary has officially joined the pack benefiting from the demise of beleaguered law firm Coudert Brothers, scooping a team of 11 lawyers to launch in Frankfurt.
Five partners and six supporting lawyers from Coudert's Frankfurt office have moved across to open DLA Piper’s local outpost, which will have a corporate, finance and banking focus.
The hires include Coudert's local managing partner and head of European employment Michael Magotsch. He is joined by partners Rainer Jacob, Martin Heinsius, Michael Ghaffar and Kirsten Girnth.
DLA's move comes amid a frenzy of raids on Coudert since the firm’s announcement two weeks ago that it would close doors later in the year.
Notable hires have included US firm Sheppard Mullin Richter & Hampton's appointment of former Coudert chairman David Huebner to its Los Angeles office. Australian firm Corrs Chambers Westgarth has also claimed some high profile gains from Coudert.
Local managing partner Michelle Harpur and property partners Peter Calov and Justin Adam are to move across to Corrs, leaving earlier speculation that Coudert’s property team would move to rival Phillips Fox up in the air.