In a strategic move to bolster its European footprint, Morgan, Lewis & Bockius has announced the acquisition of Kramer Levin’s Paris office. This significant expansion will add 54 lawyers to Morgan Lewis’s Paris team, increasing the total number of legal professionals in the city to over 70 and the overall staff to more than 110.
Background
Kramer Levin’s decision to divest its Paris operations comes as it prepares for a merger with UK-based Herbert Smith Freehills, a combination that notably excludes the Paris office. The team transitioning to Morgan Lewis is led by corporate partner Dana Anagnostou and private equity partner Sébastien Pontillo, both recognized for their expertise in mergers and acquisitions, private equity, banking and finance, compliance, litigation, and employment law.
Strategic Significance
This acquisition aligns with Morgan Lewis’s strategy to enhance its presence in key European markets. Chair Jami McKeon emphasized the potential for dynamic growth in France, driven by increased high-end deal activity. The integration of Kramer Levin’s Paris team is expected to provide clients with expanded services and deeper local insights, particularly in the realms of corporate transactions and private equity.
Implications for the Legal Industry
The move reflects a broader trend of consolidation within the legal sector, as firms seek to expand their global reach and service offerings through strategic mergers and acquisitions. By incorporating a well-established Paris team, Morgan Lewis positions itself to better serve clients with interests in the French market and across Europe.
Conclusion
The acquisition of Kramer Levin’s Paris office by Morgan Lewis marks a significant development in the legal industry’s ongoing consolidation trend. As the firm integrates this new team, it is poised to enhance its service capabilities and strengthen its position in the competitive European legal market.