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Swedish firm Cederquist has hired the managing partner of Vinge's Brussels office to kick off a major expansion push.
Cederquist has plans to expand substantially its capacity in Sweden to rival market leaders such as Vinge and Mannheimer Swartling.
The firm's managing partner Jens Tillqvist told The Lawyer: "We have a new business plan. Today we're 65 lawyers and the plan is to grow to around 100 within three years."
A rare lateral move among Swedish firms, Vinge's Olle Rislund will join Cederquist in October as a partner in the firm's EU law and antitrust department in Stockholm. Rislund will also add to Cederquist's M&A department.
Tillqvist said the growth will be built on the back of the M&A practice and follows the demand for advice on corporate transactions.
Tillqvist ruled out a merger to speed up the firm's expansion and said that Cederquist will refuse any alliances or networks, preferring to stay independent.
At the end of October 2005, Cederquist lost partners Lars Johansson and Ola Ahman to start up firm Roschier. Johansson was the head of the EU department and Ahman specialised in corporate matters.