Law firm Goltsblat BLPannounces that the Berwin Leighton Paisner (BLP) Group, of which it is a part, plans to open two offices in Germany. The offices, which are expected to be open in Frankfurt and Berlin before the end of the year, will focus on high end real estate work and cooperate closely with Goltsblat BLP in Moscow.
This move is prompted primarily by the recent substantial growth of the Goltsblat BLP/ Berwin Leighton Paisner Global Real Estate Practice and high demand for property-related services, in particular real estate transactions and investment, among the firm’s customer base, more than half of which consists of foreign clients. The BLP Global Real Estate Practice currently consists of more than 230 experienced lawyers, including 32 partners, working from Moscow, London and other BLP offices, and is one of the biggest in Russia, as well as in the UK. The major international legal directories, such as Legal 500 EMEA, Chambers Europe, PLC Which Lawyer and others, top-rank the Global Real Estate Practice of Goltsblat BLP and mention it as “the best choice for providing legal support for real estate transactions in Russia” (Legal 500 EMEA 2011).
The new offices will be staffed by an experienced team of German real estate lawyers previously from the magic circle firm in Germany. Relying on its robust presence in Germany, the global real estate practice will be able to advise clients investing in and out of Germany.
This announcement is in line with the BLP new markets strategy and follows its investments in new offices in Moscow, Singapore, Abu Dhabi and Hong Kong.
As a result of this expansion, BLP’s work including an international element has increased by more than 70% over the last two years.
Goltsblat BLP Managing Partner Andrey Goltsblat said: "The launch of new offices in Germany is a strategically important move that will doubtlessly promote development of our Global Real Estate Practice. We have seen a considerable inflow of investment into Russia from this European area recently and I hope that, at the end of this year, we will be able to make a new client offering in this sector, pertaining, essentially, to high-profile industry projects involving real estate, finance and PPP, which arouse lively interest today."
Neville Eisenberg, BLP’s managing partner, said: “The internationalisation of our real estate practice and the increasing levels of international real estate work we are doing led us to conclude that it was necessary for us to have a multidisciplinary team on the ground in Germany. The team has an excellent reputation and proven experience. In addition to the focus on German real estate work, we also anticipate significant synergies with our offices in major emerging markets which enable us to provide the German investor community with expert local advice on the ground, especially in Russia and China, through our Hong Kong office.”
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