Haarmann Hemmelrath

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Haarmann Hemmelrath
legal form Partnership company
founding 1987
resolution 2006
Reason for dissolution liquidation
Seat Munich , GermanyGermanyGermany 
Number of employees 1200, including 281 lawyers, 45 auditors, 103 tax advisors
sales 130 million euros (2005)
Branch Legal advice , auditing , tax advice
Website haarmann.com

Haarmann Hemmelrath was a German law firm , the international offering legal, accounting and auditing. The firm gained particular prominence through accompanying the IPO of SAP in 1998 and advising Vodafone on the hostile takeover of Mannesmann in 2000, before deciding on its liquidation in 2005. Famous clients included tennis pro Boris Becker and gun lobbyist Karlheinz Schreiber .

history

Haarmann Hemmelrath was founded in 1987 by, among others, the name partners Wilhelm Haarmann and Alexander Hemmelrath in Munich, initially as a GbR partnership and supplemented in 1998 by Haarmann, Hemmelrath & Partner Management Consultants GmbH and run as a partnership since 2004 . At its peak, the firm employed over 1,200 people, including 350 lawyers in 23 offices worldwide. Nevertheless, the individual locations and partners were independent. The law firm decided to liquidate it in December 2005 after it had got into financial difficulties due to an unjustified claim for damages by a subsidiary of the Werhahn Group, Märkische Bau-Union GmbH (MBU), amounting to 480 million euros due to alleged incorrect advice.

In July 2005 Wilhelm Haarmann, one of the founding partners, announced his intention to leave the company after a disagreement about the corporate strategy.

After the liquidation, the offices in Berlin and Shanghai joined the Anglo-French company Salans, while the majority of their offices in London and Frankfurt came to Squire, Sanders & Dempsey. White & Case took over the firm's Munich office to start in this city. The Moscow office dissolved, two partners came to LeBoeuf, Lamb, Greene & MacRae and the rest of the 28-person team came to CMS Hasche Sigle . In January 2006, Wilhelm Haarmann founded a boutique law firm in Frankfurt am Main with several former lawyers, auditors and tax consultants from Haarmann Hemmelrath. The Stuttgart location, the establishment and management of which Matthias Schüppen has been responsible for since 2001, was continued as the multidisciplinary law firm Graf Kanitz, Schüppen & Partner in association with the Graf Kanitz law firm in Freiburg and other former Haarmann Hemmelrath employees .

The collapse of Haarmann Hemmelrath was seen as further evidence that independent German law firms could not compete with the international British and American heavyweights who were penetrating the German legal market. In the late 1990s and early 2000s, many medium-sized German companies merged with international companies, for example Pünder, Volhard, Weber & Axster, which merged with Clifford Chance and Boesebeck Droste with Lovells in 1999 . In the following year, Bruckhaus Westrick Heller Löber and Deringer Tessin Herrmann & Sedemund merged with Freshfields, UK, to form Freshfields Bruckhaus Deringer .

offices

Haarmann Hemmelrath had 23 offices at the following locations in 14 countries:

Germany

International

Areas of activity

In addition to advising industrial, trading and service companies, his mandates included banks and insurance companies as well as private individuals.

Web links

Individual evidence

  1. ↑ a b c d e archive haarmannhemmelrath.com .
  2. ↑ StBMag No. 5 of April 29, 2013, p. 8, news from Haarmann and Hemmelrath , news also from WTS and Linklaters.
  3. ^ Platov letter .
  4. ↑ a b c How an unjustified accusation destroyed a large law firm - The Haarmann Hemmelrath case , Wirtschaftswoche.
  5. ↑ Thoughts on Sunday - a Neuss crime thriller .
  6. ↑ Haarmann Hemmelrath & Partner .
  7. ↑ Haarmann Hemmelrath is reorganizing . on juve.
  8. ↑ Thoughts on Sunday - a Neuss crime thriller .
  9. ↑ Werhahn slacks off tax advisors to 480 million euros , Die Welt.
  10. ^ Haarmann name partner quits after lockstep row , The Lawyer. July 25, 2005. Retrieved February 24, 2013. 
  11. ↑ CMS Germany swoops for Haarmann's Moscow office , The Lawyer. June 22, 2006. Retrieved February 24, 2013. 
  12. ^ Haarmann relaunches as Haarmann , The Lawyer. January 6, 2006. Retrieved February 24, 2013. 
  13. ↑ Formation of a partnership in Freiburg, Munich and Stuttgart - Freiburg law firm Graf Kanitz joins former Haarmann Hemmelrath partners on Finanznachrichten.
  14. ^ The Lawyer, 'Going Global in Germany,' October 25, 1999.