Cuatrecasas reports slight revenue increase in 2011

Iberia’s Cuatrecasas Gonçalves Pereira has seen a minimal increase in turnover for the 2011 financial year, with revenue rising by just under €1m.

In a press conference this morning, Cuatrecasas’s managing partner Rafael Fontana said turnover had gone up to €242.6m (£202m) from €241.7m in 2010.

Fontana said the result was “very good” given the economic climate. “Given the circumstances, we can’t complain,” Fontana said.

The result came with no material change in headcount.

Fontana said Cuatrecasas’s activity was increasingly international, pointing in particular to work flows from Brazil, Angola and Mozambique. He said the firm would continue focusing on this, both through its international offices but also by developing new practice areas.

He identified China, where the firm has an office in Shanghai, as a particular jurisdiction of note.

Although Spain remains locked in financial crisis, Fontana said he hoped it would emerge during the course of 2012, which would be an “important year”.

The conference also revealed that over 120 Cuatrecasas lawyers did some pro bono work during 2011.

The results were released live through the firm’s Twitter account, @CuatrecasasGP, as Fontana and Portuguese managing partners Maria João Ricou and Diogo Perestrelo spoke.