The Lawyer’s new China Elite report contains the most detailed research available on the PRC legal market and contains unparalleled insight into the country's leading law firms. They vary in size, practice focus and geographic coverage, but they all share one common quality – ambition... 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.
Haarmann Hemmelrath is to split its legal and tax division from audit to comply with the Sarbanes-Oxley Act and German legislation. The policy will be implemented at the end of the firm’s financial year.
The move follows a year and a half of turmoil for accountancy-tied firms in Germany.
Haarmann has also lost seven more partners, including the highly rated Markus Wenserski, a corporate heavyweight who has defected to Willkie Farr & Gallagher. Wenserski will give the US firm the M&A power it has so far lacked in Frankfurt.
The defections follow a decision by Haarmann earlier this year to move away from an ‘eat what you kill’ remuneration system. Although a large majority of the partners voted for the change, it has led to the defection of some of the firm’s biggest billers.