Market report: Germany – Wennschon, dennschon

Market report: Germany – Wennschon, dennschon

With Brexit dominating the EU agenda and causing widespread paralysis in the continent, Germany’s law firms are simply going about their business

Turbulence and trauma may have been the global hallmarks of 2016 – at least according to the headline writers – but not so in Germany. For the third year in a row, the German government did not borrow any money, unemployment fell to a 26-year low of 5.8% while GDP grew by 1.9%, the highest rate in five years. Meanwhile, Germany’s trade surplus has hit another record high.

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KWM latest: K&L Gates and Orrick take Munich partners as Covington poised to take top litigator Pollack and team

KWM latest: K&L Gates and Orrick take Munich partners as Covington poised to take top litigator Pollack and team

US firms K&L Gates, Covington & Burling and Orrick, Herrington & Sutcliffe are the latest to take on partners from the beleaguered European practice of King & Wood Mallesons (KWM). Continue reading “KWM latest: K&L Gates and Orrick take Munich partners as Covington poised to take top litigator Pollack and team”

Euro elite: focus Germany – Weltmeister

Euro elite: focus Germany – Weltmeister

German independents maintain elite status in a fiercely competitive market, despite the attention of some formidable global players.

‘Our market is one of the most competitive in the world,’ asserts Tobias Bürgers, co-managing partner of Noerr, Germany’s largest independent law firm with 427 fee-earners. In 2015, Noerr increased turnover by 5% to €207.7m.

‘Over the last eight years, we’ve had 70% revenue growth. We’ve outperformed the market proportionately, relative to other firms,’ he adds.

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