German firm Heuking Kühn Lüer Wojtek has reported a 9.3 per cent rise in turnover for the 2013 year, with revenues hitting €107.6m (£89m) – up from €98.4m in 2012.
The results mark continued growth for the independent firm, which also reported turnover rises in 2012 (13 February 2013), 2011 (21 February 2012) and 2010 (15 February 2011). Revenues have now risen by over 35 per cent since 2010.
Heuking’s headcount also grew last year, from 249 lawyers in 2012 to 260. Hires included a team from Orrick at the start of 2013 (5 February 2013) and another from local firm Berger Stock & Kollegen (5 September 2013) while King & Wood Mallesons SJ Berwin finance partner Thomas Schrell joined Heuking on 1 January this year (17 December 2013).
Managing partner Andreas Urban said the firm’s lateral hiring contributed to the revenue increase, but also pointed out that revenue per lawyer rose by 4 per cent, from €395,000 in 2012 to €413,000 last year.
“Our objective is to continue to expand,” Urban added.