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US firm Shearman & Sterling has lost a partner each from its Düsseldorf and Munich offices to Taylor Wessing spin-off Glade Michel Wirtz.
The moves mark a new era of growth for the specialist boutique, a Düsseldorf-based corporate and competition outfit founded in 2007 by three Taylor Wessing partners (19 March 2007), as it is the first time it has strengthened its base at partner level.
“Our firm policy is to grow internally but this was an opportunity that provided a perfect match for us,” co-founding partner Achim Glade told The Lawyer. “They have vast experience in our core areas while also bringing in complementary expertise in new areas - Andreas is very highly skilled in stock corporation law and Marco is highly experienced in equity capital markets law.”
Corporate lawyer Marco Sustmann made partner in Shearman’s Düssledorf office in 2008 and will join Glade Michel Wirtz by the end of this month. Andreas Merkner, an international M&A specialist who made partner in Shearman’s Munich office in 2009, will join at the same time. Their appointments bring total partner numbers at the boutique firm to five, with Sustmann and Merkner sharing the same responsibilities as the three founding partners.
According to a slogan on the firm’s website, it aims to position itself as “a valid alternative to the large international law firms”.
Neither Sustmann nor Merkner was available for comment.