Hamburg is the economic capital of the north. Firms here have always fostered close links to the UK and Scandinavia and the trend toward investment from China has led to larger emphasis on trade links. Home to a number of major publishing houses and the third-largest port in Europe, Hamburg is also a center for media and maritime law. It is also the focus for the renewable energy market in Germany.

Significant developments:

- Teams continue to leave large firms as the spinoff trend shows no signs of waning.

- Firms that have expanded into energy law or landed a spot on bank panels are said to have the best chances of surviving the ongoing crisis in the maritime sector.