Lovells has been hit with the departure of another partner from its Berlin office.
As first revealed on www. thelawyer.com (17 February), Lovells’ Berlin-based managing partner Volkmar Jesch has quit to team up with tax and real estate partner Nicholas Ley, who is leaving at the same time, to launch their own boutique. Neither partner has been affected by Lovells’ 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.
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 departures of Jesch and Ley follows Lovells’ decision to refocus its German offices along practice sector lines. As reported in The Lawyer last month (31 January), Lovells has decided that the firm’s Berlin office should focus on regulatory and project finance law.