Clifford Chance sees five partners quit Germany in a month

Germany has been a large part of Clifford Chance’s European operations for years, ever since 2000 when it merged with Pünder Volhard Weber & Axster. Some 15 years on from that merger, change is afoot.

Last year new German managing partner Peter Dieners began a review of the firm’s German operations with a view to slimming down its 83-strong partnership by nine.

Such reviews can often lead to individuals considering their future with a firm, and it seems that a number of Clifford Chance’s international rivals are now taking the opportunity to pounce on longstanding partners. 

Last month Latham & Watkins began the hiring, picking up Clifford Chance’s co-head of private equity Oliver Felsenstein and fellow private equity partner Burc Hesse.

Milbank became the second firm to recruit from the magic circle firm with the hire of former German corporate head Arndt Stengel. White & Case made the most recent move when it announced the appointment of energy partners Peter Rosin and Thomas Burmeister.

Competition for talent in Germany just heated up.

PS. It’s The Lawyer European Awards and our European Legal Networks Summit next week – keep an eye on www.thelawyer.com and on Twitter @TheLawyermag for rolling reports from the conference as well as the awards results.

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