Noerr and Kinstellar have announced that Noerr’s practices in Budapest, Bratislava, Bucharest and Prague are to be transferred to Kinstellar.
Noerr and Kinstellar have agreed to transfer these practices after the details of the integration are fully worked out. Several important operational and technical aspects, including investments in IT systems, and leasehold premises are being worked out and the deal will be completed after all necessary regulatory consents and internal approvals have been obtained.
"The transfer of the Noerr business in Budapest, Bratislava, Bucharest and Prague to Kinstellar, and the full integration of the Noerr business in these markets into Kinstellar, will bring even higher quality and broader service to clients and significantly increased strength to Kinstellar. It will enhance the opportunities and career potential of the Kinstellar and Noerr teams in CEE. In particular, the significantly increased German language advisory capabilities and the deep connections with German and other continental European clients, coupled with the experience of the Noerr team in these markets, will perfectly complement and enhance Kinstellar’s existing strength in these markets and beyond," the announcement reads.
Noerr and Kinstellar will also cooperate on a non-exclusive basis to serve their clients across these jurisdictions following the closing of the transaction.
Jason Mogg, Kinstellar Senior Partner at Kinstellar says: “This is an exciting chapter in Kinstellar’s journey. We will be welcoming the Noerr teams in Budapest, Bratislava, Bucharest and Prague and this enhances Kinstellar’s strength and capabilities and diversifies our expertise and clientele. Kinstellar and Noerr share similar values and culture which will make the integration very smooth. Both firms are highly regarded for their commitment, teamwork approach, strong work ethic and their excellent service to clients. We are confident that this project will benefit the Noerr team in these cities, all our people, and most importantly, our clients.’’