Weil Gotshal & Manges has hired a corporate partner from Ashurst in Frankfurt.
Ingo Scholz, who has spent the last decade at Ashurst, handles general corporate work and M&A but his specialty is financial restructuring, especially where it involves bonds.
Scholz will complement Weil’s German team, which has a focus on distressed work, namely corporate restructuring and M&A in this context.
Ashurst’s German partnership has undergone some quite significant changes in the last six months. Earlier this week, the firm recruited insolvency and distressed M&A specialist, Alexander Ballmann, from CMS, in what appears an almost a like-for-like replacement for Scholz. Last year, the firm added two new partners: M&A specialist Thomas Sacher, who joined from Beiten Burkhardt, and regulatory partner, Detmar Loff, hired from Allen & Overy.
Towards the end of last year, four partners - Marc Bohne, Peter Junghänel, Stephan Kock, who led Ashurst's German finance practice, and Lars Jessen - left Ashurst’s German group to launch Goodwin Procter’s first office in continental Europe.