The law firm Luther has once again exceeded its results from the previous year: with a total turnover of EUR 190.2 million, which means a 31% increase compared to the previous year, Luther can look back on a successful financial year.
The law firm Luther has once again exceeded its results from the previous year: with a total turnover of EUR 190.2 million, which means a 31% increase compared to the previous year, Luther can look back on a successful financial year. The total turnover, including foreign investments, has also risen by almost 29%, to EUR 207.7 million. The turnover per professional could be increased to EUR 445k (previous year: EUR 435k).
Total Turnover Germany
Total Turnover, including Foreign Investments
Turnover per Professional
Furthermore, Luther could increase its staff in the reporting year: in addition to numerous partner promotions from within Luther’s own ranks, the service line Capital Markets & Banking was able to recruit a team for the Frankfurt office, the Compliance team in the Munich office was expanded, and the Hamburg office gained a restructuring partner.
"The major mandates handled by us have developed excellently in the past financial year and could be expanded significantly. We have intensively and successfully worked on expanding our existing business, as well as on long-term mandates. Increasing our project business and advising clients repeatedly will remain a goal also in future," said Markus Sengpiel, Managing Partner at Luther.
Elisabeth Lepique, also Managing Partner at Luther, added: "With our comprehensive range of advisory services, the increasing international orientation of our law firm and our concentration on five core industries, we have firmly established ourselves in the market and are perceived as a premium service provider. We will continue this success story in the financial year 2019/2020 by strengthening and expanding our position in line with our goals."
Selected Practice Highlights:
In 2018, Luther advised the British insurance company Thomas Miller on the acquisition of Hanseatic Underwriters and further companies of the Hamburg-based insurer Zeller Associates (Press Release).
Alloheim Senior-Residences SE
In 2019, Luther advises Alloheim, the second largest nursing home operator in Germany, on the Group’s restructuring and the establishment of an SE & Co. KG structure (Press Release).
Lavorel Medicare S. A.
In 2019, Luther advises Lavorel Medicare S.A. on the sale of the Bonitas Group (Press Release).