The Lawyer Asia Pacific 150 is the only research report to provide a ranking of the top 100 independent local firms and top 50 global firms in the region. The report offers critical review of some of the fastest growing firms and their strategies, a country-by-country guide to leading legal advisers and legal services market trends, plus exclusive insight into the current business development opportunities in the Asia Pacific. Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
Advice for a previous German federal state government comes back to haunt Gleiss
Suits against law firms are rare in Germany, so onlookers have taken a keen interest in the plight of Stuttgart independent Gleiss Lutz.
As if falling out with long-time alliance partner Herbert Smith was not enough, Gleiss has been embroiled in a negligence dispute with one of Germany’s largest federal state governments over an energy deal it advised on in 2010.
The Federal State of Baden-Württemberg bought a 45 per cent stake in Energie Baden-Württemberg from EDF Energy for €4.7bn (£3.9bn) in December 2010. The state constitutional court ruled the deal unconstitutional in October 2011 because it was not put to the state government for a vote. Gleiss’s corporate and public law teams advised the government.
A new state government controlled by the Greens and the Social Democrats was elected in March, which has alleged that Gleiss gave its Christian Democrat predecessors bad advice.
The result is a multimillion-euro claim against the firm, with German legal magazine Juve describing the case as a threat to its existence. Gleiss is not an LLP, meaning partners are personally liable for matters they were involved in.
Gleiss denies negligence and is looking for outside advice, according to Juve. The state government spoke to German firms CMS Hasche Sigle and Hengeler Mueller and US firm White & Case, as well as another global firm. It appeared to have ended its search for an adviser when it landed on Heuking Kühn Lüer Wojtek, but a conflict meant it had to return to the drawing board.