Categories:Corporate,Germany

Skadden turns to Shearman for double Frankfurt hire

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  • When will Shearman stop the bleeding? This is big news in the German market. It's a loss of real capability in a core area (capital markets) of a core jurisdiction (Germany) for Shearman.

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  • It's not such a massive loss. No-one wants to lose Hutter since he almost invented international capital markets in Germany.
    But if anything, what is more disappointing is Kaulamo leaving as well, since she would have in the long run made more of Shearman's outstanding corporate client base in Germany (Daimler, Allianz, E.on). The work for those clients is unaffected, as is the high-yield practice in Frankfurt since Plepelits is staying.

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