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Osborne Clarke's Frankfurt office has poached a banking partner from Coudert Schürmann, bringing the total number of partners it has taken from the firm to four
Stefan Bauer, who will focus on the banking and financial service sector servicing, will be the first full-time banking partner in Frankfurt. As well as advising German clients, Bauer has also developed a niche acting for Italian banks that have set up in Germany. On the back of this work, he also advises a number of the Italian banks' corporate clients. Bauer said he is moving to Osborne Clarke because it has a strong European banking practice. "Osborne Clarke has successfully built its operation across eight European jurisdictions," he said. "But more than this, it has developed its international services, particularly banking and finance, to a sophisticated level." Frankfurt managing partner Adrian Taylor said: "The hire fits in with our European strategy. Banking is growing very rapidly and clients want to be advised across a range of jurisdictions. The extra twist is the Italian angle in Germany which underscores how flexible we are." As well as London, Osborne Clark has strong banking practices in Copenhagen as well as its Dutch alliance firm Ploum Lodder Princen and French ally Stehlin & Associés. Last April the firm recruited a team, which included three partners, from Coudert Schürmann to strengthen its corporate practice. In August it opened a second German office in Cologne, taking 18 lawyers from former alliance partner Graf von Westphalen Fritze & Modest.