Over the past few years Germany has consistently outperformed the rest of Europe’s legal market, with domestic firms reporting successive turnover rises and international players keeping on hiring and merging in the country.
Noerr has consolidated its place as the second-largest German independent (behind Hengeler Mueller) with a turnover rise of 12 per cent for 2013, bringing revenue to €190.8m (£159m). The rise was driven by domestic growth and exceeded the firm’s expectations for the year.
Perhaps tempted by the thought of such riches, Eversheds is also looking to ramp up in Germany. Its German ally, Heisse Kursawe Eversheds, is launching in Berlin and the two firms are in talks over formalising their relationship and merging.
If the German economy continues to punch above the European weight, then expect more domestic and international firms to try and beef up there.