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Revenue at Germany s Noerr jumps to €271.6m despite impact of pandemic
15 April 2021
Firm-wide revenue at leading independent climbed by 7.6% in 2020 although CEE income dipped
Munich PhotoLondonUK; Shutterstock German firm Noerr saw its group-wide revenue rise by 7.6% to €271.6m in 2020 despite the impact of the coronavirus pandemic, with much of that growth driven by activity in its domestic market. The performance is even more impressive in the light of a stall in the firm’s revenue growth in 2019 when it edged up by just 1%. German revenue climbed by 9.3% to €253m between January and December 2020, against which there was a slight drop-off in Central and Eastern Europe, with offices in the region generating roughly €19m, down from €21m in 2019.
Shearman & Sterling reopens in Munich with double partner hire from Linklaters
15 January 2021
Shearman & Sterling reopens in Munich with double partner hire from Linklaters
New York firm starts rebuilding in Germany where it once boasted a top tier M&A practice
Munich PhotoLondonUK; Shutterstock Shearman & Sterling has re-established its presence in Munich – seven years after withdrawing from Germany s private equity hub – with the hire of acquisition finance partners Florian Harder and Jann Jetter from Linklaters. The move signals a renewed commitment to Germany, where, under the leadership of Georg Thoma, who is now a consultant, the New York firm built up a market-leading position for big ticket M&A in the 1990s and 2000s.