In a bid to strengthen its restructuring practice within Germany, Jones Day recently hired a partner from Ashurst. The newly appointed partner, Alexander Ballmann, whose expertise lies in insolvency proceedings, restructuring, and distressed M&A transactions will join Jones Day’s team at its business restructuring and reorganization practice in Munich. Law.com reports his substantial insights into business restructuring challenges will be beneficial to clients both in Munich and globally.
Friederike Steininger, partner-in-charge of Jones Day’s Munich office stated, “Alexander has deep roots here in Munich, and is generally regarded as one of the most sought-after legal advisers for navigating insolvency proceedings, restructuring situations and insolvency law related disputes.”
Interestingly, Ballmann is the second partner this month to leave Ashurst’s Munich office for Jones Day. Despite the restricted access to the full article, these developments do indicate a noteworthy trend during a period of heightened activity in the legal sector.