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Orrick Herrington & Sutcliffe has poached a Clifford Chance Rogers & Wells partner from the firm's New York office to boost its German practice
Johannes Gäbel has joined Orrick's corporate and technology group in New York. Gäbel helped set up Clifford Chance's German practice in the US. He will be joined at Orrick by Clifford Chance colleague Roland Fürst, who becomes of counsel at Orrick. London managing partner Mike Bacon said that although the two former Clifford Chance lawyers have a significant practice in New York, Orrick deliberately targeted them to boost the firm's German capability. "Our efforts in London and our move into France are part of an overall pan-European strategy, which includes looking carefully at Germany," he explained. "We believe that Germany is an important destination for any firm that intends to provide any kind of serious international service to clients." Orrick chief executive and chairman Ralph Baxter said: "Johannes' practice, which includes many established German corporate and finance clients, will increase the firm's global presence and create wonderful synergies with Orrick's corporate and technology practice group." Gäbel's transactional practice consists primarily of big-name German clients, including WestLB, Hypo-Vereinsbank, KfW and HambLB. He advises on asset-based project and acquisition financings, international capital markets, M&A and initial public offerings. Lee Jay, chairman of the corporate and technology group, said: "Johannes brings to Orrick extensive experience in mergers and acquisitions and in a wide range of corporate and securities matters. His solid understanding of the issues confronting global businesses makes him an exceptional addition to our team."