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Haarmann Hemmelrath & Partner has set up a joint venture that will allow the German multidisciplinary practice to advise on local Japanese law
The firm has linked up with Tokyo-based corporate specialist Saburo Shimizu, making it the first independent German law firm to launch a local practice in Japan. Haarmann already has a tax and a corporate partner based in Tokyo, who will handle the German law side of the joint venture. London partner Philip Newhouse said: "The move will allow the firm to give advice on Japanese law, both to its German clients investing in Japan and its Japanese clients investing in Germany." German clients with Japanese interests include Deutsche Telekom and Deutsche Bank. Two of its biggest Japanese clients are DoMoCo and Mizuko. Although there has been an economic crisis in Japan for 10 years, tax and legal work is continuing to grow.