46.6 million Euro billings in the financial year 2018 are the highest revenue in the history of the law firm and represent an increase in billings of 10.4 % compared to the previous year. The law firm GvW Graf von Westphalen was able to generate a total of approximately 20 % more billings in the last three years. The profit again significantly increased for the third time in a row. The profit of 21 million Euro was 14.1 % higher than in the previous year. For the first time, the attorneys in the law firm generated billings per attorney of more than 400,000 Euro.
The law firm also had an extremely dynamic development with regard to personnel in the year 2018. Many new employees were able to be hired in the last year at all offices of the firm. This included some law clerks and trainees who had completed their training with us. The firm continued to grow from the own ranks with promotions of three new partners and two associate partners as of the beginning of the year (more). GvW most recently received a nomination in the azur Awards under the new heading for career development.
It is very pleasing that all offices and practice groups played a major role in this positive development based on our mission statement "Leading, Focused, Fair". We were able to expand the offering of services for our clients again in two specialized areas in aviation and telecommunications using our approach of focusing services towards specific industries. The professional magazine "The Lawyer" again recognized these developments with a new nomination
GvW Graf von Westphalen advised the transmission system operator 50Hertz on the award of a major contract for the North Sea Connector 2 offshore grid connection project. The project involves the planning, construction, installation and commissioning of a converter system comprising an offshore converter platform in the North Sea and an onshore converter station in Mecklenburg-Western Pomerania. The North Sea Connector 2 project is intended to connect offshore wind farms in the North Sea to the German electricity grid in future.
GvW Graf von Westphalen has advised Primepulse and Vsquared Ventures on the Series C financing round of NEURA Robotics GmbH. The transaction ranks among the largest venture financing rounds in the European startup ecosystem to date.
GvW Graf von Westphalen has advised Ethereal Space, Inc., a pioneering commercial space company, on space and satellite law matters and the establishment of its affiliate Ethereal Space GmbH.
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