Shearmans adds arbitration capability to Frankfurt office

New York firm Shearman & Sterling is adding an arbitration group to its Frankfurt practice by raiding the German office of Jones Day Reavis & Pogue.

The highly-rated head of Jones Day's European and Middle Eastern dispute resolution practice Richard Kreindler is moving with a team of five assistants to launch the German capability. Kreindler specialises in complex infrastructure and construction disputes, mainly for multinationals in Germany, the US, the Middle East and Asia.

His addition gives Shearman & Sterling an arbitration capacity in Paris, London, Frankfurt, New York and Washington DC.

Head of international arbitration at the firm Emmanuel Gaillard says: “We feel a concentration in this market and we think that there are only two or three big players which are really international. That means the choice of the law firm doesn't influence the choice of place of the arbitration. For us it makes no difference if we want to shift the arbitration from Paris to London or from New York to Abu Dhabi.”

He says that he regards Freshfields Bruckhaus Deringer as the firm's main competition on the international stage.

Kreindler is fluent in German and is admitted to practise at both the New York and Paris bars.

Gaillard says: “[Kreindler] is the ideal complement to our group, which already includes 26 lawyers in Paris, seven in London and about 10 in New York.”

Shearman & Sterling boosted its German presence last year when it added eight partners from Schilling Zutt & Anschütz (The Lawyer, 29 May 2000). Its big deals for 2000 included advising Bank Austria on the merger with the HypoVereinsbank Group.