Thirteen partners exit Olswang in Germany
Berlin office partner headcount left at six as corporate and finance partners depart
June 18, 2015 at 07:17 AM
1 minute read
Thirteen equity partners have left Olswang's Berlin office as the firm looks to focus on its Munich operations.
Olswang said the separation, which will happen later this year, was reached "by mutual agreement".
The departing partners specialise mainly in corporate and finance transactions.
According to the firm's website, there will be six partners left in the firm's Berlin base after the exits.
The 13 partners will "continue to grow their practice under a different brand", according to Olswang chief executive Paul Stevens.
He added: "While these changes will reduce the firm's revenues in the short term, we expect no significant effect on our profitability, nor any disruption to the implementation of our strategic plans and longer-term sustained growth."
Over the coming months, the German practice will work with Olswang's London office to ensure that clients endure minimal disruption.
Christian Schede, Olswang Germany managing partner, said the separation would not preclude the group working with the firm in the future.
More to follow.
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