Globalization
Start-ups without borders
6 out of 10 (56%) German start-ups employ workers from other countries, and the bigger the company, the higher that number. This is the result of a survey conducted on behalf of Digitalverband Bitkom among around 150 start-ups. “The German start-up scene is internationally oriented and benefits from the fact that a lot of highly qualified and motivated people from all over the world are interested in living and working here”, says Bitkom’s general manager Niklas Veltkamp.
Source: Bitkom – press release, 08/2016.
Increase in turnover
Consulting booms
The consulting branch is growing, leading to an increased demand for legal experts and tax experts by legal firms, accounting firms and auditing firms: In 2016, Germany’s ten largest consulting firms (auditing, tax and management consultancy) together brought in a revenue of more than 6.9 billion Euro. All of them made more revenue than in 2015, ranging from a plus of 2.3% (Roever Broenner Susat Mazars) to 21.9% (Deloitte).
Many lawyers benefitted from the growing M&A-business in the fiscal year of 2016/17 as well: In spite of competition and the constant pressure to lower costs, 88 out of 100 law firms achieved an increase in revenue. All in all, the 11,586 lawyers of the law firms that make up the Top 100 generated 5.91 billion Euro.
Source: JUVE Steuermarkt, May 2017.