C
lifford Chance is experiencing a significant loss of talent in its German real estate practice. Christian Keilich, the firm's head of real estate in Germany, and senior partner Thomas Reischauer are departing at the end of April. This follows the departure of three other real estate partners in as many months. A source close to the matter suggests that Clifford Chance is shifting its focus towards cross-border transactions, supporting its London office and global network, rather than maintaining a leading real estate practice in Germany.

    The pressure to clear out equity partnerships from above has led to this change in direction. This move comes after DLA Piper hired away German real estate partner Gerold Jaeger just months ago. The firm's decision to wind down its German real estate practice is likely to have significant implications for the market, particularly during a time of economic downturn.

    In other news, several high-profile law firms are representing clients in various lawsuits. Arnold & Porter Kaye Scholer has entered an appearance for Hanaco Venture Capital and its executives in a securities lawsuit filed by Goldeneye Advisors. Meanwhile, A&O Shearman is defending Toronto-Dominion Bank and other defendants in a securities class action. Additionally, Gordon Rees Scully Mansukhani is representing Crown Castle International in a breach-of-contract lawsuit, while McCarter & English is defending Electrolux Home Products Inc. in a product liability lawsuit.