13:16, March 19 430 0

2018-03-19 13:16:07
Latham piles on the pressure in Germany with Freshfields hire

Freshfields Bruckhaus Deringer is to lose its sixth partner in Germany this year; this time to Latham & Watkins.

The US firm has hired corporate partner Tobias Larisch to its Düsseldorf office. His move was first reported by Juve.

Larisch became a partner at Freshfields in 2012 after completing a secondment at Deutsche Bank.

He specialises in advising clients in the energy sector, including E.ON, Daimler and Vattenfall on joint ventures, sales and public takeovers.

Latham has been building out its German M&A practice steadily and has now made corporate hires from three of the magic circle firms.

The spree started in earnest in 2015 with the recruitment of Clifford Chance partners Oliver Felstenstein and Burc Hesse.

Felstenstein was Clifford Chance’s private equity co-head and became managing partner for Latham’s German operations shortly after his arrival.

Latham & Watkins then recruited corporate partner Nikolaos Paschos from Linklaters, as well as the firm’s private equity partner Rainer Traugott at the start of 2016.

The US firm’s most recent hire from Freshfields means that Allen & Overy (A&O) is the only magic circle firm not to have been targeted in Germany. A&O did, however, lose corporate partner Ed Barnett in London at the end of 2016.

Most recent trends show that the magic circle are instead hiring from each other in Germany. Freshfields has lost private equity partner Nils Koffka to A&O this year, as well as employment partner Timon Grau to Linklaters.

Freshfields has now lost six partners in Germany this year, including a trio of environmental and planning partners that left to launch a boutique.

Other magic circle switches include Clifford Chance partner Christopher Kellett’s move to Linklaters’ private equity practice.