Dentons European partners asked to pay in up to €7m in extra capital
UK partners spared as top earners in continental Europe asked to pay in up to €100,000 each in cash call
September 01, 2016 at 07:27 AM
2 minute read
Dentons' continental European partners have been asked to inject between €6m (£5.05m) and €7m (£5.89m) of additional capital into the business during the next two years.
The move, which follows a partner vote in favour of raising capital contributions last month, does not include the UK partnership or any other part of the verein-structured firm.
It will see European partners asked to pay in up to an extra €100,000 each over a two-year period between 2017 and 2018.
Partners currently contribute €1,000 in capital for every equity point they hold in the business. This will increase to €1,275 per point, with the firm's top-earning partners required to add an additional €100,000.
The initiative, which affects the legacy Salans partnership in continental Europe, was overseen by European chief executive Tomasz Dabrowski and European chief operating officer Richard Singer.
Dentons announced earlier this year that it plans to open a business services centre in Warsaw, Poland. The decision will see approximately 50 roles in the UK cut, representing 12% of Dentons' entire UK-based business services staff.
The firm expects to have between 90 and 100 staff at the centre by the end of this year.
During the past 12 months, Dentons has announced a raft of tie-ups with other firms across the globe. Most recently, it entered into merger agreements with Colombian law firm Cardenas & Cardenas and Mexican firm Lopez Velarde Heftye Y Soria in December 2015.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View AllFidal Launches Disputes Practice; Pinsent’s Paris Arbitration Partner Jumps to Boutique Firm, Plus Other French Moves
5 minute readTop Labor Lawyer and Former Germany Managing Partner Leaves A&O Shearman to Found Boutique Firm
3 minute readNoerr’s Former Polish Office Merges With Big Professional Services Firm Eying German-Speaking Clients
3 minute readTrending Stories
- 1New York-Based Skadden Team Joins White & Case Group in Mexico City for Citigroup Demerger
- 2No Two Wildfires Alike: Lawyers Take Different Legal Strategies in California
- 3Poop-Themed Dog Toy OK as Parody, but Still Tarnished Jack Daniel’s Brand, Court Says
- 4Meet the New President of NY's Association of Trial Court Jurists
- 5Lawyers' Phones Are Ringing: What Should Employers Do If ICE Raids Their Business?
Who Got The Work
J. Brugh Lower of Gibbons has entered an appearance for industrial equipment supplier Devco Corporation in a pending trademark infringement lawsuit. The suit, accusing the defendant of selling knock-off Graco products, was filed Dec. 18 in New Jersey District Court by Rivkin Radler on behalf of Graco Inc. and Graco Minnesota. The case, assigned to U.S. District Judge Zahid N. Quraishi, is 3:24-cv-11294, Graco Inc. et al v. Devco Corporation.
Who Got The Work
Rebecca Maller-Stein and Kent A. Yalowitz of Arnold & Porter Kaye Scholer have entered their appearances for Hanaco Venture Capital and its executives, Lior Prosor and David Frankel, in a pending securities lawsuit. The action, filed on Dec. 24 in New York Southern District Court by Zell, Aron & Co. on behalf of Goldeneye Advisors, accuses the defendants of negligently and fraudulently managing the plaintiff's $1 million investment. The case, assigned to U.S. District Judge Vernon S. Broderick, is 1:24-cv-09918, Goldeneye Advisors, LLC v. Hanaco Venture Capital, Ltd. et al.
Who Got The Work
Attorneys from A&O Shearman has stepped in as defense counsel for Toronto-Dominion Bank and other defendants in a pending securities class action. The suit, filed Dec. 11 in New York Southern District Court by Bleichmar Fonti & Auld, accuses the defendants of concealing the bank's 'pervasive' deficiencies in regards to its compliance with the Bank Secrecy Act and the quality of its anti-money laundering controls. The case, assigned to U.S. District Judge Arun Subramanian, is 1:24-cv-09445, Gonzalez v. The Toronto-Dominion Bank et al.
Who Got The Work
Crown Castle International, a Pennsylvania company providing shared communications infrastructure, has turned to Luke D. Wolf of Gordon Rees Scully Mansukhani to fend off a pending breach-of-contract lawsuit. The court action, filed Nov. 25 in Michigan Eastern District Court by Hooper Hathaway PC on behalf of The Town Residences LLC, accuses Crown Castle of failing to transfer approximately $30,000 in utility payments from T-Mobile in breach of a roof-top lease and assignment agreement. The case, assigned to U.S. District Judge Susan K. Declercq, is 2:24-cv-13131, The Town Residences LLC v. T-Mobile US, Inc. et al.
Who Got The Work
Wilfred P. Coronato and Daniel M. Schwartz of McCarter & English have stepped in as defense counsel to Electrolux Home Products Inc. in a pending product liability lawsuit. The court action, filed Nov. 26 in New York Eastern District Court by Poulos Lopiccolo PC and Nagel Rice LLP on behalf of David Stern, alleges that the defendant's refrigerators’ drawers and shelving repeatedly break and fall apart within months after purchase. The case, assigned to U.S. District Judge Joan M. Azrack, is 2:24-cv-08204, Stern v. Electrolux Home Products, Inc.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250