The Lawyer Africa Elite 2014 features an in-depth look at 46 leading independent firms’ strategies in 15 key sub-Saharan jurisdictions, as well as the views of in-house counsel from some of Africa’s largest companies... Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
Spanish independent Cuatrecasas has posted a record increase in turnover, boosting revenue by more than 18 per cent to hit e225m (£169m).
The firm streaked past the e200m (£150m) barrier this year, seeing turnover increase by e35m (£26m) from e190m (£143m) after the corporate team put in a strong performance. Cuatrecasas advised on 50 M&A deals for a total value of e63bn (£47bn).
The firm's president Emilio Cuatrecasas said: "2007 has been the best year in our history for the quality and quantity of transactions. We've advised on eight of the 10 most important M&A deals this year."
He added that the credit crisis would not have a big effect on growth in 2008, projecting a revenue rise of between 11 and 15 per cent.
The firm's corporate, commercial and tax departments contributed a total of 74 per cent of revenue, with litigation bringing in 17 per cent and employment 9 per cent.
Cuatrecasas' Madrid office is now on a par with its Barcelona HQ, with each accounting for 33 per cent of the firm's business.