American firm Goodwin Procter has opened an office in Luxembourg to develop its investment fund practice in the country.
Goodwin Procter has set up an office in Luxembourg to consolidate its expertise in investment funds in Luxembourg and strengthen the activities of its Luxembourg desk, launched in London in 2017.
Alexandrine Armstrong-Cerfontaine is leading the new branch and will split her time between London and Luxembourg. An M&A specialist, the lawyer worked at Linklaters and Allen & Overy before becoming managing partner of the Luxembourg office of King & Wood Mallesons and finally partner at Goodwin Procter. Armstrong-Cerfontaine is surrounded by a team of four associates and a jurist. David Evans, representing Goodwin Procter's European offices, is already planning further recruitment.
The creation of an office in Luxembourg responds to the need to anticipate the impact of Brexit on the activities of investment funds present in the country and, in particular, to the increasingly frequent influx of investors to Luxembourg. Evans adds that several years ago, "around 20% of European fund vehicles were managed in Luxembourg, compared to nearly 80% today. Goodwin Procter is now the second American firm, after Dechert, to have an office in Luxembourg.”