Germany's class action reforms present challenges but U.S. lawyers also see opportunity in Europe’s largest economy.
July 31, 2024 at 06:00 PM
5 minute read
When managing partner Katharina Kolb opened the Munich office of U.S. law firm Lieff Cabraser Heimann & Bernstein in 2020, she knew her business would differ significantly from her U.S. colleagues. The firm is well-known for representing plaintiffs in U.S. class action lawsuits but that’s hardly a profitable business model in Germany.
“We have to live with the fact that we don’t have powerful class-action mechanisms in Europe yet,” says Kolb.
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