Latham shifts focus of private equity hiring spree to the continent

The European legal market has been shaken by a flurry of lateral hires over the past week, with firms including Baker & McKenzie , Fieldfisher and Morrison & Foerster reaping the rewards.

But it is Latham & Watkins that raised the most eyebrows, pulling off the significant hire of Clifford Chance’s global private equity co-head Oliver Felsenstein.

Frankfurt-based Felsenstein is set to join the firm alongside corporate and private equity partner Burc Hesse, who is currently based in the magic circle outfit’s Munich base.

The move is likely to ruffle more feathers at Clifford Chance in Germany, which is already understood to be reviewing its operations in the jurisdiction. It is hoped that the exercise will bolster the firm’s competitiveness in the crowded German market.

At Latham, Felsenstein will be reunited with another former Clifford Chance private equity chief David Walker, who made the same move in 2013 in order to co-head the US firm’s global private equity practice from London.

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