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Finnish firm Roschier Holmberg has opened in Sweden with the hire of Mannheimer Swartling partner Axel Calissendorf.
Calissendorff is head of M&A at Slaughter and May best friend Mannheimer and was president of the Swedish Bar Association between 2001 and 2004.
"Businesses are consolidating across borders in the Nordic region and Stockholm seems to be emerging more and more as a regional centre, at least in the relevant parts of our practice," said Roschier chairman Tomas Lindholm, noting the new Nordic-Baltic Stock Exchange and the establishment of private equity houses and international investment banks in the Swedish capital.
Roschier has found a prominent local figure in Calissendorf, who said he was looking for a fresh challenge. He will launch Roschier's office before the end of the year and take an active role in the management of the firm as a member of Roschier's board of directors. The firm is hoping to recruit around 10 lawyers to focus on transactional work.
Roschier has been emboldened by the success of the Baltic alliance of firms that it launched in April last year. RoschierRaidla has offices in Estonia, Finland, Latvia and Lithuania.