This region’s two major cities are Dresden and Leipzig; the latter has long been the financial and economic center, whereas the former is seen more as a cultural and administrative hub. Sachsen firms are generally broad-based and advise on areas such as employment, corporate and litigation, but considerable growth among companies has led to increasing demand for specialist fields, such as IP and energy. There has been a consolidation of the regional legal market following the departure of some large firms, meaning the remaining business is shared between fewer market players.
- With arrivals from CSC Rechtsanwälte, CMS Hasche Sigle and the now dissolved Mohns Tintelnot Pruggmayer Vennemann, Petersen Hardraht becomes the largest outfit in central Germany with close to 30 fee earners.
- In Dresden, the fraud scandal at financial services provider Infinus is keeping the market on tenterhooks.