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German independent Heuking Kühn Lüer Wojtek has announced a turnover increase of 3.7 per cent for the 2012 year, with total revenue of €98.4m compared to €94.9m in 2011.
The growth is slower that that recorded between 2010 and 2011, when Heuking announced a revenue increase of 8.5 per cent (21 February 2012).
The firm has made a number of hires in the past year and in December announced the promotion of four partners and five salaried partners (6 December 2012). It kicked off 2013 by picking up a team of nine lawyers from Orrick Herrington & Sutcliffe’s Düsseldorf and Frankfurt offices (5 February 2013).
Managing partner Andreas Urban said in a statement: “2012 was a year of consolidation. Despite an economic environment shaped by the national debt crisis we were still able to further grow our revenue, crucially assisted by our diversified approach as a full-service law firm.
“We specifically expanded our activities in attractive advisory fields and will continue to do so in 2013. Altogether, we expect a more favorable development of the economy and accordingly also of our law firm for 2013.”
The growth is better than that announced last week by Iberian firm Cuatrecasas Gonçalves Pereira (7 February 2013), which revealed that its turnover was up by 1.2 per cent.
For more on the German market, see our recent special report, Go Deutsche.