Baker mckenzie bolsters austrian tax team with schimmer hire

Baker McKenzie has significantly strengthened its Austrian tax practice with the appointment of Christoph Schimmer as its new head of tax. The move signals a deepening commitment to the region and arrives amidst a broader global expansion of the firm’s tax expertise.

A dual qualification signals expertise

Schimmer, bringing a rare combination of qualifications as both an Austrian attorney and certified tax adviser, joins Baker McKenzie after a period where his services were in high demand by several multinational corporations. His skillset encompasses a wide range of corporate and international tax matters, a crucial advantage in today’s increasingly complex regulatory landscape. The firm highlighted his proven ability to navigate intricate M&A transactions, complex restructurings, and group reorganizations—areas where clients regularly seek sophisticated counsel.

Alexander Petsche, austria managing partner, underscored the value of Schimmer's experience. “His wealth of experience in structuring cross-border and domestic investments and transactions will be a terrific asset for our clients,” Petsche stated in a release Tuesday. This endorsement isn't simply corporate boilerplate; it reflects the demonstrable need for experienced tax specialists capable of addressing the evolving challenges of international commerce.

The addition of Schimmer comes as part of a wider pattern of talent acquisition within Baker McKenzie's global tax team, which now comprises over 730 practitioners. This expansion isn't merely about headcount; it’s about building a deeper bench of specialists equipped to handle the escalating complexities of global tax law and the shifting geopolitical landscape impacting international investment. The firm's strategic focus on expanding its tax capabilities underscores the growing importance of this area within the broader legal market.

While the details of Schimmer's previous client base remain confidential, his appointment suggests a focus on high-value, complex transactions. The Austrian market, traditionally a gateway to Eastern Europe, has seen increased investment activity, making expert tax guidance even more critical. The move, effective immediately, positions Baker McKenzie to capitalize on this growing demand.