Dechert LLP > Munich, Germany > Firm Profile

Dechert LLP

Banking and finance > Investment funds Tier 2

Dechert LLP cooperates closely with its global financial services and investment management group and comprehensively advises on the structuring and launch of financial and investment products. The team covers various asset classes with a focus on ​​private debt and other alternative investments. This is complemented by expertise in related regulatory and tax issues, including ESG. Hans Stamm is a key contact for tax law matters and jointly heads the practice with banking supervisory and investment law expert Angelo Lercara; Lercara has additional expertise in regulatory issues pertaining to ESG.

Practice head(s):

Angelo Lercara; Hans Stamm

Other key lawyers:

Arne Bolch


‘Very pragmatic and solution-oriented, always respond quickly.’

‘Angelo Lercara always approaches larger challenges in a relaxed and pragmatic manner and has incredible expertise and experience at EU and national level.’

‘The team works in an absolutely solution-oriented manner. Absolute top address in the area of ​​structuring funds and advice as well as BaFin procedures.’

‘Angelo Lercara: speed, excellent expertise and solution-oriented approach.’

‘Dechert has built a unique, holistic asset management team that works seamlessly across locations and provides world-class service.’

‘Angelo Lercara combines outstanding legal expertise with excellent business acumen and extremely high responsiveness.’

Key clients

Altarius Asset Management Ltd. / Malta Fund Manager/AIFM

Crescent Capital Group

Investec Bank

Prime Capital AG

Robus Capital Management Ltd

Rubinstein&Schmiedel AG

Swiss Capital Alternative Investments AG / Stepstone Group

Union Investment

Corporate and M&A > M&A Tier 4

Dechert LLP provides holistic advice on mid-cap M&A transactions as well as on associated corporate reorganisations, restructurings and M&A disputes and is also active in the venture capital and private equity sectors. The practice also regularly assists investors and national and international companies from the automotive, TMT, financial services, health and life sciences sectors in a cross-border capacity. Practice heads Federico Pappalardo and Giovanni Russo are primarily active in M&A, private equity, venture capital and corporate finance matters, while Carina Klaes-Staudt complements the practice's skills with her expertise in transaction-related employment and tax law.

Practice head(s):

Federico Pappalardo

Other key lawyers:


‘Giovanni Russo: Always extremely knowledgeable, helpful and available. He is an excellent negotiator who gives very good and sound advice.’

‘Very efficient and hardworking team. Very good lawyers in various areas.’

Key clients

Chiesi Farmaceutici S.p.A.

EXIMIA Engineering GmbH

FR L’Osteria SE

Oliver Healthcare Packaging

OneFootball GmbH

Vestiaire Collective S.A.

Work highlights

  • Advising Friedemann Findeis and Klaus Rader, the sole shareholders of FR L’Osteria SE, on the sale of a majority stake in McWin.
  • Advising Oliver Healthcare Packaging on the successful acquisition of EK-Pack Folien GmbH.
  • Advising the shareholders of EXIMIA Engineering GmbH on the sale of 100% of shares in EXIMIA to the German subsidiary of French T&S group.

Private equity > Transactions Tier 5

Dechert has a multinational identity that is fundamentally diverse. The firm’s commitments to diversity and inclusion are not simply words written on a website – they are guiding principles that all those at Dechert should live by every day. The numbers speak for themselves – 43% of our Policy Committee (the senior management team) are women or diverse partners, 62% of the lawyers promoted to partner in January 2021 are women or diverse, and 77% of the most recent incoming class – Dechert’s future – are women or diverse.

The following are just some of the key measures that Dechert has undertaken to improve diversity and inclusion at the firm.

Affinity Groups
To effect change, affinity groups identify and address diversity and inclusion-related issues, and create new and recurring programming focused on the attainment of professional and business development skills. They offer enhanced mentoring opportunities, retreats and educational workshop for diverse attorneys. Our affinity groups include:

  • Asian Affinity Group
  • Black Lawyers Alliance
  • Dechert’s Family Network
  • Global Women’s Initiative
  • Latino Affinity Group
  • LGBTQ Affinity Group
  • Dechert Heroes (Veterans Affinity Group)

Aspiring Solicitors
Dechert is an Affiliate Partner of Aspiring Solicitors (AS). 2020/2021 marks the fifth successful year of Dechert’s sponsorship of the organization’s national Commercial Awareness Competition, with the winners offered a vacation scheme and opportunity to interview for a training contract at Dechert.

Diversity and Inclusion Week
As part of the firm’s inaugural Diversity and Inclusion Week (July 20-24, 2020), Dechert hosted journalist and filmmaker Afua Hirsch for a provocative conversation about race, identity and belonging, as well as how what we learn (or don’t learn) about our history has an impact on racism and inequality today.

The firm also held fast-paced virtual quizzes focused on diversity, inclusion and world culture, with a charitable donation made to the winning teams’ chosen charities focused on social justice.

Diversity Champions
Recognizing the individuals who serve as role models for the inclusive, open culture we value, Dechert offers the Diversity Champions award. In 2020, our people submitted 100 nominations. Four Diversity Champions were recognized at our annual all-hands event, with honorees each awarded a bonus.

Global Women’s Initiative
Members of Dechert’s Global Women’s Initiative (GWI) meet regularly with firm leadership to identify and implement initiatives that promote opportunities for women to advance and lead throughout the firm. Individual offices provide additional formal and informal support for women lawyers.

GWI initiatives include formal and informal mentoring, development training, meetings and events for summer associates, internal and external networking, special interest events, and leadership training. The GWI launched the Sponsorship and Sustained Support (SASS) program for senior women associates to help navigate the path to partnership.

Inclusive Leadership
Commitment to diversity and inclusion stems from the top. Our partners have been participating in quarterly, interactive sessions on inclusive leadership since 2018. Topics include affinity bias, attribution bias, covering, in and out groups, priming, unconscious bias, and inclusive leadership in times of crisis. Interactive sessions include dramatizations that prompt conversations long after the programming ends.

This program continues today, with the February 2021 session focused on actionable allyship. Inclusive leadership training has also been expanded to associates and business service professionals.

TESTIMONIAL: “Dechert consistently provides differentiating legal advice, particularly on large, complex transactions.”

TESTIMONIAL: “The firm did a great job throughout the entire process. They have been proactive and delivered quality advice. As always, a pleasure working with such a great team.”

COMPANY/FIRM: Credit Suisse
TESTIMONIAL: “We continually have the highest degree of confidence in the work product and coverage of the Dechert team, and they are always a pleasure to work with.”

COMPANY/FIRM: Saint-Gobain
TESTIMONIAL: “Saint-Gobain frequently turns to Dechert to defend the company in its most consequential, high-stakes litigation in the United States. Their sophistication, depth of experience, and legal creativity – especially in the area of complex mass tort litigation, is simply unrivalled. When the case is unprecedented and alleged to be perilous, there is no better partner to have in the trenches than Dechert.”