Flick Gocke Schaumburg again awarded “Law Firm of the Year for Company Succession / Private Wealth / Foundations”
Flick Gocke Schaumburg is “Law Firm of the Year for Succession / Private Wealth / Foundations”. For the fourth time in the history of the awards by German legal publisher JUVE, the firm has been honored for particularly strong development in succession and private wealth. Flick Gocke Schaumburg already won the title in this category in 2006, 2010 and 2014 – outstripping the overall performance of any other law firm.
Over many years Flick Gocke Schaumburg has driven forward the strategic expansion of its succession, private wealth and foundations practice, primarily to meet the growing demand for highly competent advice on complex company succession matters. At the beginning of 2017, succession experts Dr. Manfred Reich, Frankfurt, and Christoph Oenings, Hamburg, were promoted to equity partners. In addition, Flick Gocke Schaumburg has constantly broadened the range of its services to foundations and non-profit organizations. The FGS private client and NPO team today numbers just under 40 lawyers and tax advisors, including 18 equity partners and associate partners.
“We are delighted that our successful client projects in succession, private wealth and foundations have been recognized,” says Dr. Christian von Oertzen, partner heading the private client practice in Frankfurt. “The award shows that the trust placed in us over the years by our clients in this challenging and sensitive area is also perceived and valued in the market,” adds partner Professor Andreas Söffing.
JUVE explains its reasons for granting the award as follows:
“Flick Gocke Schaumburg obviously cannot be beaten in succession and private wealth. For years now, the firm has been the undisputed leader, and is now leading the way in terms of digitalization. With a digital unit set up in the autumn of 2017, the firm is breaking new and innovative ground. For family offices, it has designed a tax compliance management system that, for example, (i) enables family-owned businesses to conduct consolidated ‘administrative’ asset tests for business assets and (ii) provides early warning as to the risk of criminal prosecution. To this end, the firm has succeeded over the past few years in constantly fostering the careers – and adding to the number – of its young professionals in this practice area. Partners such as succession specialists Dr. Christian von Oertzen and Professor Andreas Söffing, or charity law expert Professor Stephan Schauhoff, as legal and tax luminaries, shape the market and advise the most important families and institutions in the country. For the first time, two succession experts who are not based in the Bonn head office, Dr. Manfred Reich in Frankfurt and Christoph Oenings in Hamburg, have been appointed equity partners from the firm’s own ranks. This means that FGS is sending more than a clear signal to its competitors on the other side of the Rhine.”