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Weil Gotshal & Manges to Close Prague Office

Weil Gotshal & Manges to Close Prague Office

Czech Republic

Weil Gotshal & Manges has announced that it will close its Prague office at the end of this year.

According to a statement released by the firm: "Weil and its Prague partners, Karel Muzikar, Karel Drevinek, Petr Severa and Karolina Horakova, have agreed that as of January 1, 2019, the Prague office will split from Weil, Gotshal & Manges to be owned and operated by these partners as an independent firm.  The Prague office will seamlessly continue to provide top class legal services in the Czech Republic which it rendered to clients for the past 25 years.  On cross-border transactions involving other jurisdictions, the Prague office will continue to work with Weil’s offices based on clients' needs."

Weil closed its Budapest office at the beginning of 2018, with the team, led by Partner David Dederick, joining the Budapest office of Bird & Bird as reported by CEE Legal Matters on January 11, 2018.

In a statement to The Lawyer, Weil Executive Partner Barry Wolf announced that: “Over the years, our Prague office has been a leader in the region, involved in many significant transactions in the Czech Republic. We are very proud of all that our colleagues have achieved and we know they will continue to accomplish great things.  We thank them for their many contributions to Weil and wish them all the best.”

This continues the recent withdrawal from the region of the larger international firms, with Weil, Gide, Clifford Chance, and White & Case each closing multiple CEE offices in the last few years, following the pullback of Linklaters and Freshfields a decade earlier.

Czech Republic Knowledge Partner

For more than 25 years PRK Partners has been providing top tier, comprehensive legal services in all areas of law – always at the highest professional level. The company’s offices in Prague, Ostrava and Bratislava, as well as its specialised teams of legal practitioners and tax advisors, allow PRK Partners to offer solutions to any kind of legal issues, providing an international point of view and in-depth knowledge of the respective local legal system.

The full-service law firm has worked on many of the region’s largest and most complex transactions. The firm puts emphasis on the highest standards of quality, efficiency and flexibility in its advisory services, which are tailored to the specific requirements of each client. 

Our team is composed of professionals with international education and experience. The firm frequently works on a non-exclusive basis with leading international law firms on large cross-border transactions.

PRK Partners is consistently recognised among the top law firms by leading international and domestic directories and ratings agencies and has been honoured with numerous awards: 

• National Law Firm of the Year 2016 by the Chambers Europe Awards, the most prestigious international law firm competition. This is the fifth award PRK Partners has received since the awards were first given; National Law Firm of the Year 2014, 2013 and 2010 and Law Firm of the Year 2012 for Best Client Service.

• 2018 Best Law Firm of the Year in the category of Banking &Finance and the absolute winner in the main category of the Domestic Law Firm of the Year awards organised by epravo.cz under the auspices of the Czech Bar Association three times since the award's inception (in 2016, 2013 and 2011).

• a finalist of the Central European Law Firm of the Year category in The Lawyer European Awards 2018. 

The firm has a strong commitment to corporate social responsibility and pro bono work.

PRK Partners is the exclusive member firm in the Czech Republic for Lex Mundi, the world’s leading network of independent law firms, with in-depth experience in 100+ countries worldwide. In addition, the firm is a member of Celia Alliance, AFI (Association for Foreign Investment) and CVCA (the Czech Private Equity and Venture Capital Association).

Firm's website: www.prkpartners.com

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