The physics of heavy‐fermion compounds is reviewed with a special emphasis on systems located in the vicinity of quantum critical points (QCPs). After a brief introduction into the basic concepts of QCPs, this chapter mainly focuses on the experimental situation in some prototypal heavy‐fermion systems. The discussion of CeCu
2
Si
2
and CeTIn5 (T = Co, Ir, Rh), which can be described within a
conventional
picture of a QCP, is followed by a review of theoretical aspects of the different observed behavior at QCPs. However, several systems do not follow this conventional picture of a QCP, but exhibit
unconventional
behavior which is exemplified on one important member, YbRh
2
Si
2
. The experimental data are compared with existing theories.