Gerhard Kaiser, the founding partner of the Frankfurt office, has drafted in lawyers from Brussels, London and the US to give additional advice on the high profile case. He is also looking to expand Frankfurt with lateral hires.
Dechert has a long-term relationship with Elliot Associates in the US, but had to pitch for the work in Germany. The Frankfurt office has been open since August, but only up and running since December. Initially it focused on M&A, for which Kaiser is best known. The Wella case is its first major piece of litigation.
Kaiser said: This is the first real test of the new German Takeover Act. The core question will be battle-tested before BaFin [the financial regulator].