Successful Business Year 2015 - Once again a significant increase in turnover and profit at GvW Graf von Westphalen
The internationally active commercial law firm GvW Graf von Westphalen again reports an excellent development for the business year 2015. In the past year, the turnover could be increased by EUR 1 million (2.6%) to now EUR 38.48 million, with a team of the same size as in the previous year. But it is even more important that after the extreme profit increase of 17% in 2014, the firm’s profit could again be increased by 7%. There was a UTB increase for the fourth time in a row to now EUR 373,000.
The exit of some partners in 2014 and 2015 could be more than compensated by promoting five young partners from the firm’s own ranks and hiring six lateral entrants, even though such investments systemically require a start-up time.
The practice groups M&A and Corporate could not just significantly increase their turnover, but also their workload. With that, the field Corporate/M&A has the largest share in the firm’s overall turnover with almost 40%, just as in the previous years. The fields IP/IT and Employment Law recorded increases of up to 30%.
“The significant strengthening of our profile as a law firm for national and international SMEs as well as the focus on specialization and enhancement of the service quality have been very good for us”, state the firm’s two managing partners Christof Kleinmann and Dr Robert Theissen. “We will consistently continue along this path in the coming years with our partner’s support.”
As an employer, GvW continues to be hugely popular. Alongside some external new additions in the past year, the partners appointed five lawyers as new partners (more). Young graduates, trainee lawyers and interns have chosen GvW as the most popular employer among the mid-size law firms (more).
Christof Kleinmann and Dr Robert Theissen: “Meanwhile, we have become a highly attractive employer for ambitious lateral entrants. We are particularly pleased that young colleagues also see their professional future at GvW. In the highly competitive race for young talents, we have recently been able to excellently position ourselves as a German full-service law firm.”
News
Federal Administrative Court: Fehmarn Belt Fixed Link may be built
The Federal Administrative Court has dismissed all six pending appeals against the planning decision on the Fehmarn Belt Fixed Link. Construction of the tunnel may therefore now also begin in Germany. GvW advised the State of Schleswig-Holstein and was represented by a Hamburg team consisting of Dr Ronald Steiling (lead), Corinna Lindau, Dr Dietrich Drömann, Prof. Dr Christian Winterhoff, Dr Andreas Wolowski, Saskia Soravia, Dr Stefanie Ramsauer, Dr Annika Bleier, Felix Kazimierski and Niclas Langhans. (BVerwG 9 A 6.19, 9 A 7.19, 9 A 9.19, 9 A 10.19, 9 A 11.19, 9 A 12.19 and 9 A 13.19).
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Football is king at H-Hotel Group’s new H4 Hotel in Mönchengladbach. Its location right next to the stadium and the theme rooms depicting the history of the Borussia Dortmund football club make this new hotel unique and a must for any football enthusiast. Our lawyers had the pleasure of advising H-Hotels Group on the creation of its first football-themed hotel and took the chance to visit this amazing place shortly after its opening.
Transport System Bögl: new local public passenger transport system a big success in China
The Max Bögl group of companies has developed a new local public passenger transport system. The system called “Transport System Bögl” (TSB) uses magnetic levitation, or “maglev” technology and provides a clean and cost-efficient means of transport for better mobility in inner city areas. The technology is becoming increasingly popular also in other countries: Max Bögl’s most recent export order was the sale of its TSB to China. The company’s plans include building a 3.5 km test track in Chengdu and extensive marketing activities to promote the technology in China – all through a sales partnership with a Chinese company.
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