Eversheds Sutherland opens three-partner office in Duesseldorf
Firm launches real estate and insurance-focused office in Germany
August 01, 2017 at 05:10 AM
2 minute read
Eversheds Sutherland has opened an office today (1 August) in Duesseldorf, by acquiring local firm Grooterhorst & Partners.
The firm consists of three partners and 11 lawyers and will initially focus on insurance and real estate work, before expanding to become a full-service practice over time.
The new partners are real estate lawyers Johannes Grooterhorst and Marc Christian Schwencke, and insurance lawyer Ralf-Thomas Wittman.
Eversheds Sutherland's co-chief executive Lee Ranson said: "We are committed to the strategic expansion of our global platform. Our launch in Duesseldorf, an important centre of corporate activity and the industrial heartland of Germany, is a significant milestone in the rollout of that strategy."
The office is the firm's 63rd worldwide and its fourth in Germany, where it already has offices in Berlin, Hamburg and Munich.
Legacy Eversheds entered Germany in 2015 through a merger with its alliance partner Heisse Kursawe, which became a financially integrated part of Eversheds LLP.
Earlier this year, the firm merged with US firm Sutherland Asbill & Brennan to create Eversheds Sutherland, although the two firms retained their financial independence.
The firm also merged with Singaporean firm Harry Elias Partnership this year in a deal that sees Eversheds own 33% of the new firm, Eversheds Harry Elias.
In its financial results for the 2016-17 year, the legacy Eversheds business took in revenues of £438.6m, up from £405.5m in 2015-16.
Despite the revenue increase, net profit and profit per equity partner (PEP) both fell – by 4% and 2% respectively. PEP decreased to £726,000 from £742,000 in 2015-16, while net profit fell from £87.5m to £84.1m.
This content has been archived.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
© 2024 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 All
Leaders at Top French Firms Anticipate Strong M&A Market in 2025 Despite Uncertainty
6 minute read
EU Parliament Gives Blessing to New EU Competition Chief Ribera Rodríguez
2 minute read
Simpson Thacher Becomes Second Firm to Launch in Luxembourg in 2 Days With A&O Shearman Hires
3 minute read
HSF Hires Trio for Luxembourg Launch, Builds Private Capital Practice
Trending Stories
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
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
