After a couple of years of exits from its Frankfurt office, US firm Sidley Austin has decided to call it a day in Germany. The firm confirmed this week that it was shutting down in Frankfurt, a few months after launching a review of the office.
The exit is not really a surprise, as Sidley was left with just one partner and three other lawyers in Frankfurt.
Over the past two years a number of Sidley partners and other lawyers have moved to new homes in Germany, including regional managing partner Oliver Kessler and corporate partner Jérôme Friedrich, who both went to Oppenhoff & Partner.
Gleiss Lutz has picked up two of the remaining Sidley quartet, while the destinations of partner Jens Rinze and counsel Andreas Kopp are as yet unknown.
Although several international firms have downsized in Germany lately, including Hogan Lovells, King & Wood Mallesons SJ Berwin and Shearman & Sterling, that doesn’t mean everyone is abandoning Europe’s economic powerhouse.
Indeed Olswang is intent on bulking up its German presence, recently hiring seven patent lawyers in Munich. And as this week’s European moves roundup shows, other firms hiring include Dechert and Herbert Smith Freehills. International firms still have plenty of work to find in the country.
Also on TheLawyer.com:
- Italian firm NCTM has increased its privacy, TMT and finance strength by merging with Rome firm Panetta & Associati
- Covington & Burling has introduced a European head of public policy and government affairs role as it looks to beef up its offering in Brussels
- And Osborne Clarke has hired a team of four partners and three associates to kickstart its new Amsterdam office