Lovells Berlin partner quits to launch real estate boutique

Lovells is losing Berlin-based tax and real estate partner Nikolaus Ley.

It is understood that Ley is not affected by the firm’s radical plans to axe 25 partners in a bid to improve flagging profitability.

Ley resigned formally last Friday (21 January).

According to a well placed source Ley is planning to launch his own practice with a former Lovells partner Klaus Racky who retired from the firm last October.

It is understood that one other partner is leaving Lovells Berlin arm as part of partner cull.