Luxembourg firm Arendt & Medernach is preparing to close down its Brussels office, relocating resident partner Marc Sunnen back to its headquarters.
Chairman Guy Harles told The Lawyer the firm felt it was able to provide advice relating to Brussels from Luxembourg, and that it wanted to focus more on its foreign offices outside Western Europe.
Last year Arendt launched an office in Moscow (9 October 2012), becoming the first independent Benelux firm to be present in Russia. According to Harles, the office, headed by banking partner Max Kremer, is performing “fantastically well”.
Brussels was Arendt’s first foreign representative office, opened in 1996. Sunnen, who focuses on structured finance, has been the resident partner there ever since. Arendt has also launched in Dubai, Hong Kong, London and New York as well as Moscow.
Although Arendt is closing Brussels, Harles added that 2013 is looking to be a strong year and likely better than 2012.
The firm is the largest in Luxembourg, with 290 lawyers including 37 partners last year according to The Lawyer European 100. Turnover for 2012 was estimated at €100m (£85.5m).