Linklaters' focus on core practice sees Stockholm branch lose two more lawyers
Linklaters' Stockholm office is set to lose two more lawyers, including former office head and M&A real estate partner Rolf Johansson, who will step down next week (31 October). Johansson will continue to practise in the legal field on a consultancy basis but will not join another firm after his departure from Linklaters.
October 23, 2008 at 12:32 AM
2 minute read
Linklaters' Stockholm office is set to lose two more lawyers, including former office head and M&A real estate partner Rolf Johansson, who will step down next week (31 October).
Johansson will continue to practise in the legal field on a consultancy basis but will not join another firm after his departure from Linklaters.
As well as Johansson, the office is also set to lose another lawyer to Hannes Snellman's Stockholm launch, with finance associate Fredrik Olsson following litigation head Martin Wallin to the Finnish leader.
News of the latest partner loss comes after banking partner Joergen Durban announced in June that he is to leave the firm in November, although his next move is not yet known.
Johansson was managing partner of Lagerloef & Leman in 2000-01 and led Linklaters' Swedish operations from the 2001 merger until handing over to Durban in 2005.
The magic circle law firm's Stockholm partner count also shrunk last month with the relocation of Erik Soederlind to Hong Kong to head up the Linklaters' regional competition and antitrust practice.
It leaves the office with only 14 partners compared with 35 at the time of the original merger with the legacy Swedish firm.
Office head Peter Hoegstroem said the firm is now looking to expand only its banking practice through lateral hiring.
The downsizing of the Swedish practice falls in line with Linklaters' global strategy of focusing only on core practice areas and key clients.
Commenting on his decision to leave, Johansson told Legal Week that he is stepping down to find a better work-life balance: "The changes that have been made have been fantastic for the practice. However, a natural consequence is that it places a high demand on us as partners. The current practice is built for younger, hungrier lawyers."
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