09 February 2017
London competition boutique Euclid Law has announced a merger today with Brussels-based boutique EDGE Legal.
Founding partner of Euclid Law, Oliver Bretz, 45, said the merger means the boutique will be able to eclipse much larger firms in terms of “experience, approach and depth of our bench.”
Damien Geradin, 50, founding partner at EDGE Legal, said he is relishing the opportunity to join up with Bretz and his team in London.
“Oliver and I are close friends. We share the same vision: we want freedom and flexibility and do high quality work in a cost-conscious manner. It’s very nice to be part of a strong team without facing the constraints of the larger firms,” Geradin said.
The merger means Euclid Law will have a much stronger presence in Brussels after the UK leaves the European Union, and both teams will travel between London and Brussels. Geradin will be based mainly in Brussels and Bretz will split his time between the two offices.
Bretz said the firms recognised the need for greater scale to handle their increasing workload. He also said the merger brings with it “a level of depth and market credibility that will transform our capabilities.”
Bretz formed Euclid Law in 2015 after leaving Clifford Chance. He started his career as a trainee at Simmons & Simmons in London in 1994. He went on to join Linklaters as an associate in 1997 before moving to Clifford Chance as a senior associate in 1999 before being made partner in 2002.
The boutique won GCR 2016 European Behavioural Matter of the Year for advising on the credit default swap investigation of the European Commission. The boutique also secured the first prohibition of a merger by the CMA and the first full divestment ever in a vertical merger by UK competition authorities, as a result of advising a third party in the ICE/Trayport merger.
Geradin set-up EDGE Legal in 2015 after leaving Covington & Burling in London. He started his career as law professor in Belgium and Netherlands before moving to Howrey in 2005. He was made partner in 2007, but moved to Covington in 2010 when Howrey wound down.
He currently represents O2 in the European Commission’s investigation into network-sharing agreements between O2/Česká telekomunikační infrastruktura and T-Mobile in the Czech Republic.
The combined boutique, which will continue to be called Euclid Law, will now have four partners, one senior consultant, one counsel and three junior lawyers.
Link to article: http://globalcompetitionreview.com/article/1081174/euclid-merges-with-edge