Two-partner KWM team joins DLA Piper in Germany as exits continue
DLA takes on KWM real estate team including Germany practice head
January 03, 2017 at 06:19 AM
2 minute read
DLA Piper has hired two further partners from King & Wood Mallesons (KWM), following last month's news that the firm's European arm has filed an intention of notice to appoint administrators.
DLA has taken on KWM Germany real estate head Lars Reubekeul and fellow real estate partner Florian Biesalski, along with their teams, which number five lawyers. They will be joining DLA's Frankfurt and Munich offices.
Reubekeul's clients include funds, institutional investors and asset managers, while Biesalski acts for clients in the hospitality and leisure sector in addition to advising on cross-border real estate deals involving Asia.
DLA Germany managing partners Benjamin Parameswaran and Konrad Rohde said: "With these arrivals, DLA Piper is continuing the growth path it has set itself. They are a significant reinforcement for our German practice, as well as our offices in Frankfurt and Munich, and will strengthen our existing capabilities in the real estate sector".
In December, Legal Week revealed that DLA had hired a six-partner real estate team from KWM in London, led by high profile partner William Naunton. Fellow partners Cornelius Medvei, Edward Page, Jeremy Brooks, George Burrha and Bryan Pickup are following Naunton along with managing associate Omer Maroof, who is joining DLA as a partner, alongside eight further lawyers and three trainees.
More than 40 partners have quit KWM Europe since October, when four key London partners resigned, halting the firm's recapitalisation plan and plunging it into crisis.
Partners are leaving for a raft of firms including Greenberg Traurig, Macfarlanes, K&L Gates, Winston & Strawn, Orrick Herrington & Sutcliffe, Reed Smith, Addleshaw Goddard, Covington & Burling, Keystone Law, Proskauer and Goodwin Procter.
On 22 December, the firm's European LLP filed an intention to appoint administrators at the High Court, with restructuring specialist AlixPartners named as the proposed administrators on court documents.
Filing an intention to appoint administrators gives the firm 10 working days from the date of the filing to appoint administrators or to file another intention to appoint administrators.
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