German independent Schilling Zutt & Anschuetz is set to open its second office after spinning off from US firm Shearman & Sterling last month. The Mannheim-based firm is set to open in Frankfurt by next year as it attempts to strengthen its ties to the local finance market. The nine-partner firm has been operating independently since 1 May, following its demerger from Shearman & Sterling. Shearman continues to operate offices in Duesseldorf, Frankfurt and Munich.