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Jürgen Mattulat Brauhausstieg 21 , Hamburg, Tel. Rumours abound that for a while after launch it was the most profitable firm in the City. It can no longer claim that accolade, but then it has expanded somewhat: it now has over lawyers worldwide.
Given the complete lack of success, the dream of a tie-up has faded and the firm is now content to grow under its own organic steam.
And it has had a pretty good run, too. About half its staff are based abroad and all trainees who do six seats of four months rather than the more traditional four seats of six are guaranteed a stint in a foreign office - currently Dubai, Paris, Athens, Munich, Singapore or Bangkok.
If asset finance butters your crumpet and you like the idea of working for a comparatively small firm with overseas opportunities then this is clearly a good bet.
The hours are generally better than the Magic Circle - although they are reputedly tougher than at other firms of similar size, and are getting longer.
According to one associate it's "a punchy little firm that hits above its weight". Although there are those who feel that something needs to be done if the firm wants to truly compete with the larger firms.
Staff have been unhappy about the lack of focus on career development, a lack of transparency "we find out about strategy and decisions well after they've been implemented" and too many "periods of inactivity".
One junior associate complained "the partners have no idea how unappreciated staff both fee earners and support staff at all levels feel", whilst another referred to an "antiquated and inflexible approach to work" and that partners "don't understand career progression".
The London office space has also come in for some stick with an NQ commenting that it is "really dated and claustrophobic".
Although there is hope since it is believed they are "planning a refurb It "can't seem to decide what sort of firm it is", said an NQ.
Or where the work life balance makes up for comparatively lower remuneration?