Chambers Europe 2010 - Europe's Leading Lawyers for Business
According to the renowned guide, P+P belongs to the leading firms in the fields of corporate / M&A and private equity, investment funds and fund formation, real estate and tax. Receiving accolade in all main practice areas confirms the firm's policy of focusing on selected jurisdictions.
Leading individuals include Munich partners Matthias Bruse, Reinhard Pöllath, Benedikt Hohaus (all corporate, M&A, private equity), Michael Best and Richard Engl (both tax), as well as Frankfurt partner Andreas Rodin who is ranked leading for his expertise in fund formation and tax and Berlin partner Matthias Durst for his real estate practice. In detail, P+P and its partners are ranked as follows:
In M&A corporate, private equity, the leading Reinhard Pöllath is regarded as "one of the pre-eminent and most sought-after corporate advisers in Germany". Matthias Bruse is one of the leading lawyers focusing "on large corporate transactions", while Benedikt Hohaus "wins plaudits for his ability and wide experience in private equity". In general, the firm "has an outstanding reputation in private equity, where it is considered the clear market leader. Its … strong corporate team works alongside the firm's resident tax specialists and, although primarily known for private equity transactions, lawyers here also advise high net worth individuals, families and their companies on a broad range of corporate matters".
Within investment funds, Frankfurt partner Andreas Rodin is a leading lawyer and "recognised as one of the strongest practitioners in the field, particularly in fund formation. Clients appreciate his experience and advice, and are impressed by his knowledge of tax". The firm "has a long-standing position as a market leader for investment funds work. Commentators laud the team's client-focused service, experience and expertise in deal structuring, among other attributes". Within real estate, the law firm "continues to attract clients seeking counsel for large deals". The leading Matthias Durst and his colleagues are chosen by clients for their "ability to identify commercial concerns, as well as their success rate and fair pricing".
In tax, Andreas Rodin is a leader in the private equity field, while property expert Thomas Töben is also greatly admired as a master of the trade. Clients describe the pragmatic Michael Best as an "outstanding lawyer" offering a "deep knowledge of our industry." Corporate player Richard Engl serves a number of long-standing clients.
P+P gains respect by acting "on transactional and contentious matters in domains spanning M&A, private equity, real estate and corporate tax. Clients speak of the large team's combination of technical advice with commercial insight. They also value its lawyers' ability to "clearly communicate the effects of tax issues rather than just raise them".