Latham continues German buyout push with hire of Linklaters' local head
US firm picks up Rainer Traugott in Munich as it continues to bolster its German private equity practice
January 27, 2016 at 02:33 PM
2 minute read
Latham & Watkins has hired Linklaters' head of private equity in Germany, Rainer Traugott.
Traugott, who has been a partner at Linklaters since 2003, has handed in his notice at the magic circle firm and is set to join the US firm's Munich office.
His hire will help rebuild the office, which last year saw two private equity partners leave for rival US players.
Munich founding partner Jorg Kirchner left for Kirkland & Ellis in July, while Munich private equity partner Volkmar Bruckner joined Weil Gotshal & Manges in June.
Traugott's hire comes almost exactly a year after Latham raided Clifford Chance (CC) in Germany, bringing in the firm's then global co-head of private equity Oliver Felsenstein and fellow partner Burc Hesse.
The pair joined Latham in Frankfurt and Munich respectively as partners in the corporate department, with their move reuniting them with former CC partners in London including former global private equity head David Walker. The US firm also hired CC's German banking and capital markets head Alexandra Hageluken.
Legal Week reported in October that Latham was set to see two further partners leave in Germany following the exits of Kirchner and Bruckner. Corporate partner Kilian Helmreich in Munich and banking partner Christina Ungeheuer in Frankfurt were both set to leave the firm as the firm refocused its Germany practice after bedding in a number of lateral hires.
Latham first launched in Germany in 2001, with an office in Frankfurt. The firm now has four bases in Germany with the additions of Munich in 2006 and Duesseldorf in 2013. The firm also has offices in Belgium, Russia and Spain as well as London.
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