AbstractThe discovery of a population of massive, compact and quiescent early-type galaxies has changed the view on plausible formation scenarios for the present day population of elliptical galaxies. Traditionally assumed formation histories dominated by 'single events' like early collapse or major mergers appear to be incomplete and have to be embedded in the context of hierarchical cosmological models with continuous gas accretion and the merging of small stellar systems (minor mergers). Once these processes are consistently taken into account the hierarchical models favor a two-phase assembly process and are in much better shape to capture the observed trends. We review some aspects of recent progress in the field.