Lovells Berlin loses managing partner

Lovells has been hit with the departure of another partner from the firm’s Berlin office.
Volkmar Jesch, Lovells’ Berlin-based managing partner has quit to team up with tax and real estate partner Nicholas Ley to launch their own boutique.
Neither partner has been affected by Lovell’s radical plans to axe 25 partners in a bid to improve flagging profitability.
The duo will be teaming up with former Lovells partner Klaus Racky, who retired last October.
Lovells has provisionally appointed corporate partner Johannes Meinel to lead the firm’s eight-partner Berlin office. The firm is expected to confirm his appointment by the end of March.
Commenting on Jesch’s departure Lovells’ German managing partner Michael Leistikow said: “Volkmar wanted to change his professional arrangements and no longer wanted to work in an international firm.”
The departure of Jesch and Ley follows Lovells’ decision to refocus its German offices along practice sector lines.
As reported in The Lawyer earlier last month (31 January) following the conclusion of an internal review Lovells concluded that the firm’s Berlin office should focus on regulatory and project finance law.