Insight

An Interview With Rainer Krause of Hengeler Mueller, 2019 “Law Firm of the Year” Award Recipient for Corporate Law in Germany

Rainer Krause discusses the unique training approaches that make Hengeler Mueller one of Germany's top firms.

Hengeler Mueller “Law Firm of the Year” Q&A
Best Lawyers

Best Lawyers

September 26, 2018 02:00 PM

For Rainer Krause of Hengeler Mueller, a 2019 “Law Firm of the Year” recipient for Corporate Law in Germany, teamwork and collaboration are the secrets to any firm’s success. In a conversation with Best Lawyers CEO Phillip Greer, Krause discusses the landmark cases of his career and offers insights to Hengeler Mueller’s unique training strategy for incoming associates.

Phillip Greer: What inspired you to focus your expertise on this area of corporate law?

Rainer Krause: When you consider what corporate law is about, you realize it’s often the tension between majority and minority. This can translate into procedural safeguards and certain unalienable rights for minorities, as in big picture politics. I also like the combination of law and economics, as well as the friction between what is doable in terms of power, of competence, and what is the right thing to do in terms of ethics. It’s probably about how to reconcile all these sides that inspired me, and continues to inspire me.

What achievements are you most proud of from this past year?

We saw significant assignments for Hengeler Mueller last year. Most notably the assignment by Linde for its merger with Praxair. Another example is advising Metro, which is a leading company in the wholesale and food retail sector, on its demerger into a wholesale and food specialist and an enterprise focused on consumer electronics. And we assisted in transactions that redefined the German energy market, such as the integration of former parts of RWE by E.ON, each a significant German energy utility provider, or—another headline transaction—the public takeover offer for Uniper by Fortum. In this transaction, we acted on the Finnish side for Fortum. All these matters were complex, required smooth execution and were international in terms of scope and implementation. Other highlights in our corporate and M&A practice included an unsolicited public tender offer for Murray and Roberts, an engineering and construction group in South Africa. Then the IPO of the Austrian bank BAWAG raising two billion euros. And finally, the acquisition of Petrol Ofisi in Turkey for our long-term client, Vitol. In these matters in Austria, in South Africa, and in Turkey, we acted as international legal counsel, structuring, managing, and executing in jurisdictions other than Germany.

Are there one or two landmark cases that you have been a part of since you've been at the firm?

One case I have already mentioned briefly, which is the acquisition of a 46 percent stake held by E.ON in Uniper, where we acted for the acquirer Fortum, and the voluntary takeover offer submitted to the Uniper shareholders in 2017. Uniper had emerged from a spin-off of the conventional power utility business and global energy trading activities from E.ON, which was part of a larger transformation process on the E.ON side. Uniper had been a listed company only for a year or so when the acquisition of Fortum became public, which proved to be challenging in many respects. One of my earlier, formative transactions, when I was a senior associate on the verge of partnership, was the DaimlerChrysler merger. It was one of the first cross-border mergers, truly international, with dual listings, multiple law firms and a number of challenges and waters unchartered—at least it felt this way from the point of view as a young professional. A third landmark transaction was acting for Deutsche Telekom on the reintegration of their internet access business, T-Online, which was one of the major capital markets transactions at that time, back in 2004 or 2005.

Are there any attorneys at your firm who stand out within the ranks?

It is the team! Within the team, there are always individuals who are pivotal in winning an assignment, others who are instrumental in getting the transaction closed, and there is support from all sides. Beyond that, we can build on the legacy of cases and transactions of the past which are a source of know-how, experience, and inspiration. Our brand and reputation may help as well. But as I said, it's the blend, it's the collaboration, it's the team. I would always give you this answer.

What does your firm do to support both upcoming practicing attorneys, or senior partners?

Training is key. Training sessions are an essential part of our routine. To give one example, all incoming Hengeler Mueller associates are automatically registered at the University of St. Gallen, which is the European standout for economic training, both in studies and graduate programs. We have designed a five-year program, tailored exclusively for our associates, focusing on the law as it is applied, needed and practiced in the real world. Apart from law, our associates study economics and a broad range of soft skills.

On completing this five-year program, our associates receive a diploma of advanced studies, which is equivalent to 50 percent of an executive MBA. So that's quite an impressive undertaking. By now, other firms have begun to replicate this idea of formal training but I think we were the first ever in this respect in Germany. Of course, on-the-job training is also another pillar within Hengeler Mueller. It often takes extra time, and effort, but training top talent on the job is key for our strategy. It's all part of the genetic code of Hengeler Mueller.

Why do we do that? Because it takes more than the law to make a good lawyer. We are committed to absolute standards of service to our clients. We want our lawyers to understand the way our clients think, to see the broader context, and also to be fully aware of the consequences of what we contribute. That's why we like the training part. Our lawyers are wonderfully talented, so it's fun working together and seeing top young talent thrive, helping them to think big and think better. As an old proverb goes, "Quality is not an act, it's a habit."

Related Articles

Announcing The Best Lawyers in Germany™ 2023


by Best Lawyers

The results include an elite field of top lawyers and firms from Germany.

Black, red and yellow stripes

Announcing the 2022 Best Lawyers™ in Germany


by Best Lawyers

The results include an elite field of top lawyers and firms, including our inaugural Best Lawyers: Ones to Watch recipients.

Announcing the 2022 Best Lawyers™ in Germany

The Company They Keep


by Best Lawyers

Thomas Richter discusses the idea of corporate criminal liability.

An Interview With HammPartner

Easy Being Green


by Best Lawyers

Markus Deutsch discusses the impact of climate change on the firm and its clients.

An Interview With Dolde Mayen & Partner

Impact of Climate Change on Real Estate Law


by Best Lawyers

Dr. Christian Schede discusses rent in large cities, the effect of Airbnb, and more.

An Interview With Greenberg Traurig

How to Advise Clients in International Arbitration and Mediation


by Best Lawyers

Karl Pörnbacher discusses how his firm stays at the forefront of advising clients.

An Interview With Hogan Lovells

This German Firm Protects Their Clients in the Face of Emerging Technologies


by Best Lawyers

Johannes Heselberger discusses theft of trade secrets, the pharmaceutical industry, and fake goods.

An Interview With Bardehle Pagenberg

The Future of German Technology


by Best Lawyers

How Germany's Law Firm of the Year in Information Technology is leading the way.

Isabell Conrad Schneider Schiffer Weihermulle

Hengeler Mueller on How German Firms Can Compete in the Global M&A Arena


by Best Lawyers

Germany's 2020 “Law Firm of the Year” honoree in Mergers and Acquisitions Law

An Interview With Hengeler Mueller

An Interview With Gleiss Lutz


by Best Lawyers

Germany's 2020 “Law Firm of the Year” in Labor and Employment Law

An Interview With Gleiss Lutz

An Interview With Latham & Watkins


by Best Lawyers

Germany's 2020 “Law Firm of the Year” honoree in Banking and Finance Law

An Interview With Latham & Watkins

Announcing the 16th Edition of the Best Lawyers in Germany Rankings


by Best Lawyers

Best Lawyers announces the 16th edition of The Best Lawyers in Germany™, featuring a unique set of rankings that highlights Germany's top legal talent.

German flag in front of country's outline

The 2024 Best Lawyers in Germany Launch


by Best Lawyers

The results honor the top lawyers and firms in Germany, including the 15th edition of The Best Lawyers in Germany™ and the 3rd edition of Best Lawyers: Ones to Watch in Germany™ recipients.

Germany town beside a river and bridge with clear blue sky above

Announcing The Best Lawyers in Switzerland™ 2023


by Best Lawyers

The results include an elite field of top lawyers and firms from Switzerland.

Red flag with white cross

Announcing The Best Lawyers in Austria™ 2023


by Best Lawyers

The results include an elite field of top lawyers and firms from Austria.

Red and white stripes

Announcing The Best Lawyers in Italy™ 2023


by Best Lawyers

The results include an elite field of top lawyers and firms from Italy.

Green, white and red stripes

Trending Articles

2025 Best Lawyers Awards Announced: Honoring Outstanding Legal Professionals Across the U.S.


by Jennifer Verta

Introducing the 31st edition of The Best Lawyers in America and the fifth edition of Best Lawyers: Ones to Watch in America.

Digital map of the United States illuminated by numerous bright lights

Unveiling the 2025 Best Lawyers Awards Canada: Celebrating Legal Excellence


by Jennifer Verta

Presenting the 19th edition of The Best Lawyers in Canada and the 4th edition of Best Lawyers: Ones to Watch in Canada.

Digital map of Canadathis on illuminated by numerous bright lights

Legal Distinction on Display: 15th Edition of The Best Lawyers in France™


by Best Lawyers

The industry’s best lawyers and firms working in France are revealed in the newly released, comprehensive the 15th Edition of The Best Lawyers in France™.

French flag in front of country's outline

Announcing the 13th Edition of Best Lawyers Rankings in the United Kingdom


by Best Lawyers

Best Lawyers is proud to announce the newest edition of legal rankings in the United Kingdom, marking the 13th consecutive edition of awards in the country.

British flag in front of country's outline

Announcing the 16th Edition of the Best Lawyers in Germany Rankings


by Best Lawyers

Best Lawyers announces the 16th edition of The Best Lawyers in Germany™, featuring a unique set of rankings that highlights Germany's top legal talent.

German flag in front of country's outline

Prop 36 California 2024: California’s Path to Stricter Sentencing and Criminal Justice Reform


by Jennifer Verta

Explore how Prop 36 could shape California's sentencing laws and justice reform.

Illustrated Hands Breaking Chains Against a Bright Red Background

Celebrating Excellence in Law: 11th Edition of Best Lawyers in Italy™


by Best Lawyers

Best Lawyers announces the 11th edition of The Best Lawyers in Italy™, which features an elite list of awards showcasing Italy's current legal talent.

Italian flag in front of country's outline

Combating Nuclear Verdicts: Empirically Supported Strategies to Deflate the Effects of Anchoring Bias


by Sloan L. Abernathy

Sometimes a verdict can be the difference between amicability and nuclear level developments. But what is anchoring bias and how can strategy combat this?

Lawyer speaking in courtroom with crowd and judge in the foreground

Things to Do Before a Car Accident Happens to You


by Ellie Shaffer

In a car accident, certain things are beyond the point of no return, while some are well within an individual's control. Here's how to stay legally prepared.

Car dashcam recording street ahead

The Push and Pitfalls of New York’s Attempt to Expand Wrongful Death Recovery


by Elizabeth M. Midgley and V. Christopher Potenza

The New York State Legislature recently went about updating certain wrongful death provisions and how they can be carried out in the future. Here's the latest.

Red tape blocking off a section of street

Tampa Appeals Court ‘Sends Clear Message,” Ensuring School Tax Referendum Stays on Ballot


by Gregory Sirico

Hillsborough County's tax referendum is back on the 2024 ballot, promising $177 million for schools and empowering residents to decide the future of education.

Graduation cap in air surrounded by pencils and money

Find the Best Lawyers for Your Needs


by Jennifer Verta

Discover how Best Lawyers simplifies the attorney search process.

A focused woman with dark hair wearing a green top and beige blazer, working on a tablet in a dimly

Key Developments and Trends in U.S. Commercial Litigation


by Justin Smulison

Whether it's multibillion-dollar water cleanliness verdicts or college athletes vying for the right to compensation, the state of litigation remains strong.

Basketball sits in front of stacks of money

Is Premises Liability the Same as Negligence?


by Jeremy Wilson and Taylor Rodney Marks

In today's age, we are always on the move, often inhabiting spaces we don't own. But what happens when someone else's property injures you or someone you know?

A pair of silhouetted legs falling down a hole with yellow background

Woman on a Mission


by Rebecca Blackwell

Baker Botts partner and intellectual property chair Christa Brown-Sanford discusses how she juggles work, personal life, being a mentor and leadership duties.

Woman in green dress crossing her arms and posing for headshot

Best Lawyers Celebrates Women in the Law: Ninth Edition


by Alliccia Odeyemi

Released in both print and digital form, Best Lawyers Ninth Edition of Women in the Law features stories of inspiring leadership and timely legal issues.

Lawyer in green dress stands with hands on table and cityscape in background