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Oswang has launched an office in Paris with the hire of five partners, including a senior finance partner from Dechert.
At the same time Olswang has recruited two new partners for its rapidly growing Madrid office, which it launched four months ago.
Finance specialist Stephan Alamowitch, who joins from Dechert’s Paris office, will head Olswang’s new outpost in France. Olswang described Alamowitchas a finance partner with “a strong set of relationships with clients in media and technology and with major French banks”.
He has been joined by four more partners including three from Paris boutique Henri Brandford-Griffith, which is known for its focus on clients in the media and technology sectors.
The trio are Vanina Paolaggi and Guillaume Kessler (both M&A specialists) and Geraldine Roch (litigation).
“As a team we’re delighted to be joining Olswang as the firm builds its international capability with a fresh approach that empowers and supports its international offices,” Alamowitch said. “The French market is currently very active and we’re confident that we’ll deliver great client relationships and contribute to the overall growth of the firm.”
The new partners in Madrid have both joined from TMT rival Bird & Bird, the firm that provided the nucleus of Olswang’s launch last year in the city.
Former head of employment at Bird & Bird Daniel Cifuentes and head of telecoms Blanca Escribano both join as partners.
Olswang chief executive officer David Stewart said the firm was looking at further hires in France and wants its latest office to service existing client relationships and to target new clients, “where our sector knowledge and contacts mean we can add real value to the client’s business”.
The news comes as Olswang revealed this week that it is setting aside 10 per cent of its annual net profit to fund an international expansion programme (31 January 2011).
Olswang confirmed it was now also looking at further growth opportunities in Asia, with Singapore in particular a favourite for additional expansion.