New record for Hogan Lovells: the firm increases its revenue by 9.3%

In 2023, Hogan Lovells increased its revenue in Germany by 9.3 percent, reaching 352 million euros. According to the firm, this surpasses its own target figures and nearly matches the global growth of the firm.

This record-breaking achievement is supported by a workforce that grew by 4.6 percent to 436 Full Time Equivalents (FTEs). In 2023, this team generated 30 million euros more than in 2022. Over the past two years, the overall result increased by a total of 59 million euros. In 2021, the total revenue of the firm in Germany was still below 300 million euros.

In addition to the revenue record, Hogan Lovells also achieved a record in UBT (unadjusted book value): for the first time, the productivity indicator of the firm in Germany exceeded 800,000 euros, specifically increasing by 35,000 euros to 807,000 euros.

Strengths

The records were driven by almost all practice groups. However, compliance, litigation, intellectual property, media and technology (IPMT) were particularly successful. But significant growth was also seen in energy, infrastructure projects, environment, and arbitration. Even in areas challenged by high interest rates such as Real Estate and M&A, revenues remained stable at a high level.

The other countries

The global significance of the German offices remains strong: once again, the German practice contributed 14 percent to global revenue and 52 percent to continental European revenue, achieving the strongest national result after the USA and London.

Managing Partner Dr. Detlef Haß (pictured) plans to continue growing in the future, with a particular focus on expanding the Berlin office. Regulatory issues such as ESG, digitalization, and energy will remain a focus. Global Managing Partner Miguel Zaldivar recently emphasized that the firm sees its future in regulated sectors like energy, finance, and technology.