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Iberian firm Cuatrecasas Gonçalves Pereira has reported a slight rise in revenue for a third successive year, in a performance that is in contrast to the fortunes of its rivals.
At its annual general meeting yesterday (25 February), the firm announced that turnover in 2013 hit €248m, a rise of 1 per cent from €245.6m last year (7 February 2013). Turnover has gone up by a similar amount for the past two years (7 February 2012).
Fontana noted that the firm had not increased its headcount, but had sought to improve its efficiency and service quality last year. He said corporate and commercial contributed just over a third of revenue, with tax adding just under a third. Litigation contributed 23.5 per cent of revenue, and labour and employment 10.4 per cent.
Cuatrecasas’s Portuguese offices performed particularly well with a 6.4 per cent increase in turnover.
Firm president Emilio Cuatrecasas said growth in its international practice was one of the reasons for the firm’s success.
Cuatrecasas is the third of Spain’s big four law firms to announce its results. Garrigues said its 2012/13 turnover was down by 1.7 per cent (31 October 2013), while Gómez-Acebo & Pombo reported a 0.9 per cent drop last year (19 February 2014). Slaughter and May’s Spanish best friend Uría Menéndez is yet to report its 2013 results.
As it did last year, Cuatrecasas live-Tweeted its results presentation.