King & Wood Mallesons (KWM) is losing another practice head in Germany, as part of a five-lawyer Frankfurt team leaving to join Taylor Wessing.

Germany banking and finance head Sabine Schomaker, and partner Clemens Niedner, are leaving along with one counsel and two associates. Schomaker and Niedner joined KWM in 2013 from White & Case.

Taylor Wessing's German managing partner Andreas Meissner said: "We are delighted to be able to welcome such a successful and well coordinated team to our consultancy portfolio for corporate and acquisition financing.

"Besides financing issues important to banks, private equity investors and enterprises, the team will also advise on all financing aspects of restructuring law."

The team is set to join Taylor Wessing by the end of this year.

KWM has seen a number of senior departures in Germany this year, with corporate head Julian Lemor leaving for Mayer Brown in February, alongside private equity partner Birgit Huebscher-Alt, and funds head Sonya Pauls quitting for Clifford Chance.

According to the firm's website, there are now 18 partners left in its two Germany offices in Frankfurt and Munich. In March, prior to KWM's decision to cut 15% of its European partnership, the firm had 27 partners in Germany.

Last week, four senior London partners in London resigned from the firm, prompting it to halt its recapitalisation plan.

UK investments funds head Michael Halford, private equity partner Jonathan Pittal, corporate partner Andrew Wingfield and former European managing partner Rob Day all handed in their notice, with Wingfield and Day set to join US firm Proskauer Rose.

The firm will now take around four weeks to reassess its financing requirements. The partner capital call announced earlier this year was intended to bring in more than £14m of capital and draw a line under the repeated delays in partner profit distributions that have plagued the firm for years.