Legal500 EMEA 2014

In the private equity area, the firm is "superb for fund structuring, top for management advice, and is underpinned by the firm's strong tax group." In particular, Frankfurt partners Andreas Rodin and Patricia Volhard are "doyens of fund structuring".

P+P is "extremely strong in the closed-ended funds arena and has specialist expertise in private equity fund structuring and advice; a growing area of practice is advice to global infrastructure funds. The firm's ability to provide integrated funds and tax advice attracts instructions of amazing quality".

On the transactional side, Munich partner Matthias Bruse is recommended, as are Otto Haberstock and Andrea von Drygalski, and Ralf Bergjan is mentioned for his promotion to partnership.

In addition, P+P's "focused practice is superb for VC rounds" and Christian Tönies is a "well-regarded" practitioner.

The firm also receives praise for its tax practice with "numerous dedicated tax lawyers". In particular, Pia Dorfmueller excels; she is "technically extremely strong".

In real estate, P+P is "among the best in Germany for financing work, has a great reputation for transactional work and distinct expertise in real estate investment and project development matters". All four real estate partners are recommended: Stefan Lebek ("highly regarded") as well as Carsten Führling, Matthias Durst and Wolfram Pätzold.