Taylor Wessing’s German managing partner Michael-Florian Ranft is stepping down from the position, just one year into his four-year term.
Ranft was elected as head of the firm’s German offices last year (25 March 2013) after the previous German chief, Wolfgang Rehmann, stepped down.
While holding the German managing partner role, Ranft continued to lead Taylor Wessing’s China practice group and he is planning to renew his focus on this area. He led the firm’s Shanghai and Beijing launches (21 July 2008) and was also instrumental in forging an alliance with Singapore firm RHT Law (31 August 2011)
“One needs to seize great opportunities,” Ranft said in a statement. He said the firm’s presence in both Germany and China made it “perfectly placed” to take advantage of the increasing number of cross-border transactions between the two countries.
“If the latest developments we currently see in the making materialise, we can also develop new product offers for the Chinese legal market,” he added. “I personally feel responsible to drive this again. The clients will profit from this and it will also strengthen our Chinese practice.”
The firm has begun the process of electing Ranft’s successor, and Ranft will remain in office until his replacement has been chosen.