Dentons has launched a new tax practice in the Netherlands through the hire of a four-lawyer team from Baker McKenzie.
These hires are the first for the firm since launching in the Netherlands in May 2017 through a combination with local firm Boekel.
Dentons Boekel, which is the firm’s official name in the country, has hired Bakers partners Jurjen Bevers and Heico Reinoud. Bakers lawyers Paul Halprin and Marnix Veldhuijzen join Dentons as partners.
Netherlands managing partner Wendela Raas: “We are very pleased with the addition of this high quality tax team, which will greatly enhance our offering and enable to us serve our clients even better.”
Dentons Europe Tomasz Dabrowski said: “Entering the market was just the first step in our strategy for the Netherlands. We will continue to invest in top legal talent in key practices and sectors.
“Having a solid tax practice in the Netherlands is an absolute must for our global firm and for our global tax practice in particular to serve our global client base.”
The acquisition gave Dentons its 26th office in Europe and its first base in the Netherlands. It has also opened two offices in Italy and one in Luxembourg in the last 18 months, and opened its third German office in Munich last year.
Dentons does not provide figures for its European operations, however the firm posted a 9 per cent drop in PEP from £530,000 to £481,000 in its latest UKMEA financial results, while revenue grew by 1 per cent to £165m.
The firm’s results shows a fourth year of consecutive growth for the firm, but is considerably lower than the growth recorded in 2015/16, when the firm grew its UKMEA revenue by 7.7 per cent.