Cuatrecasas, Gonçalves Pereira records 1.2% growth in 2012

February 6, 2013

CEO Rafael Fontana announcing the firm's results for 2012 during the press conference
CEO Rafael Fontana announcing the firm's results for 2012 during the press conference

The law firm recorded a turnover of €245.6 million

 

Cuatrecasas, Gonçalves Pereira recorded growth of 1.2% in 2012, reaching a turnover of €245.6 million. Its most significant results for 2012 included this slight increase in turnover, and keeping its workforce of 1,012 lawyers and 500 support staff members. The firm’s chief executive officer, Rafael Fontana, announced these results to the media today. The firm closed 2012 with a turnover growth of 1.2%, recording a turnover of €245.6 million, compared to €242.6 million in 2011. Large corporate transactions made up the most part of the firm’s turnover: its Corporate and Commercial Practice was responsible for 34%, followed by the Tax Practice with 32%, the Litigation Practice with 23%, and the Labor and Employment Practice with 11%.

 

The firm’s international offices increased their turnover by more than 15%, which clearly shows the firm’s solid global strategy and the strength of its nine offices outside the Iberian Peninsula. Emilio Cuatrecasas, the firm’s chairman, highlighted the best friends agreement that Cuatrecasas, Gonçalves Pereira entered into with three other leading European law firms. This agreement is not exclusive, as it allows each of the firms maximum independence.

 

 

A year of important transactions

 

Last year was characterized by transactions relating to the finance sector. Cuatrecasas, Gonçalves Pereira advised on designing, implementing and consolidating the Company Managing the Assets derived from the Banking Restructuring (“SAREB”), as well as on the transfer of the assets of the nationalized banks. It also advised on creating the Fund for Financing Payments to Suppliers, the largest credit transaction in Spain’s banking history. In the international field, the firm advised Meliá Hotels International on its strategic alliance with the Chinese group Greenland, one of the main real estate groups on mainland China.

 

Leading publications specializing in this sector have acknowledged Cuatrecasas, Gonçalves Pereira’s work in these transactions. Best Lawyers places it top of the ranking of best business lawyers in Spain and Thomson Reuters also places it top of its ranking for the highest volume of M&A transactions in Spain in 2012.

 

 

Moving forward

 

In 2012, Cuatrecasas, Gonçalves Pereira implemented important changes to institutionalize its management, including renewing its board of directors, which combines youth with experience, and appointing Rafael Fontana as chief executive officer: he assumes the firm’s executive duties, while Emilio Cuatrecasas continues as chairman.

 

The firm has more than 1,000 lawyers and almost 500 support staff members based at its 25 offices worldwide. In 2012, it recruited over 150 lawyers, most of which were under the age of 30.

 

The firm continues to prove its commitment to change with the inauguration of its impressive new offices at calle Almagro 9, Madrid, following a long history at the premises at calle Velázquez, 63.

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