White & Case has hired corporate partner Roger Kiem and counsel Andreas Wieland from US rival Shearman & Sterling in Frankfurt.
Both the white shoe firms new appointments are corporate lawyers with a focus on M&A. Kiem specialises in the financial services sector, and Wieland has expertise in financial regulation.
White & Cases global head of M&A, John Reiss, was particularly satisfied with the recruitment of Kiem. Germany is an important market for M&A and Rogers extensive experience will aid the ongoing development of our activities there, he said.
Kiem is the sixth partner who has decided to leave Shearmans German offering since the firm's plans to close its Dusseldorf and Munich offices by the end of the year became public in April (April 22).
Until now, the majority of the departures have been from the Düsseldorf corporate practice. In April Allen & Overy announced it had hired Hans Diekmann for its rival office in the city (April 22), and a trio of corporate partners, Harald Selzner, Rainer Wilke and Martin Neuhaus, agreed to leave and launch Latham & Watkins first Düsseldorf base earlier this month. Latham has also recruited its compatriots litigation partner Markus Reider in Munich.
Once Shearman has wound down two of its three German offices over the course of this year, it will be centralised in Frankfurt. The US firm's remaining office will focus on corporate, capital markets, finance, tax and litigation work under the lead of M&A partner Thomas König and tax partner Bodo Bender, who have been named German managing partner and deputy managing partner respectively. It is not clear who will make up the final Frankfurt team, but Düsseldorf corporate partners Georg Thoma and Alfred Kossmann, and Munich finance partner Winfried Carli are among those who will be relocate to the office.