Baker & McKenzie loses Frankfurt anti-trust team
Baker & McKenzie will take a blow as a team of partners leave the firm to launch a new competition boutique called Commeo.
The group includes the Baker's German and European competition head, Joerg-Martin Schultze, along with partners Dominique Wagener, Stephanie Pautke and Johanna Kuebler.
Pautke said: "The reasons behind the recent surge in boutique launches are probably that the structure of big firms is clearly marked by a specific strategy that does not always match the strategy of all practice groups. Clients, on the other hand, seem to like lawyers from big international law firms because they have the experience without the large fee structure."