Record year 2017: GvW Graf von Westphalen substantially increases billings and profit
GvW Graf von Westphalen generated revenue in the financial year 2017 of 42.2 million Euro and, thus, an increase in billings of 5.1 percent compared to the previous year. The profit had an even greater increase. The profit of 18.4 million Euro was 12.2 percent higher than in the previous year.
All practice groups in the firm contributed equally to the good numbers. The development was particularly dynamic in the areas of M&A, IP/IT/media (incl. data protection), real estate and construction and public law. The M&A practice was able to realize excellent results with numerous international transactions, including by Chinese investors in Germany. The law firm's strong office in Shanghai also played an important role.
384,000 Euro "billings per professional" is a new high for the firm. The attorneys in the foreign trade and customs practice group continue to have particular success and defended their leading position in Germany in the year 2017 (more).
Under the leadership of Christof Kleinmann and Dr. Robert Theissen, GvW was able to again achieve a new record year. The management was confirmed in office for two more years just in the fall of last year (more).
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).
H4 Hotel Mönchengladbach at BORUSSIA-PARK: the place for that Bundesliga feeling
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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