Squire Sanders boosts Frankfurt arm with hire of Faegre trio
Squire Sanders & Dempsey has bolstered its German practice with a three-lawyer team from Faegre & Benson in Frankfurt. The firm has hired Faegre corporate partner Karl Walter and banking partner Manfred Baumbach as a partner and of counsel respectively. Meanwhile special counsel Louis Wakatsuki, a corporate lawyer, is also joining as of counsel.
July 21, 2009 at 08:01 AM
2 minute read
Squire Sanders & Dempsey has bolstered its German practice with a three-lawyer team from Faegre & Benson in Frankfurt.
The firm has hired Faegre corporate partner Karl Walter and banking partner Manfred Baumbach as a partner and of counsel respectively. Meanwhile special counsel Louis Wakatsuki, a corporate lawyer, is also joining as of counsel.
The trio joined last week (16 July), three months after Faegre announced that it was in the process of pulling out of Germany.
All three joined Faegre in 2006 as part of an eight-lawyer team from PricewaterhouseCoopers' former German ally Heussen, with Walter heading Heussen's Frankfurt office at the time.
Walter and Wakatsuki both have a special focus on Japanese clients doing business in Germany with Walter citing Squire Sanders' strong Tokyo presence as a reason for joining the firm.
Squire Sanders' global corporate and corporate finance head Dynda Thomas said: "Squire Sanders' corporate practice has a broad global position spanning 15 countries across Europe, the Americas and Asia, and this seasoned team provides even greater depth of capability on the ground in Germany."
Faegre announced in April that it was to close its Frankfurt office – with 15 lawyers, including seven partners, to lose their jobs as a result. The firm said that Germany had not lived up to expectations on activity levels in the cross-border mid-market segment that the firm had targeted.
Since then, Faegre partner Philip Haleen and special counsel Iliana Haleen have announced that they will join US firm Bryan Cave's Hamburg office in August, as of counsel and counsel respectively.
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