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Wednesday, February 21, 2024

Cuatrecasas 2021 turnover grows 11%, reaches €350m

Cuatrecasas has annouced its 2021 turnover, reaching €350 million, a record number representing a 11% increase compared to 2020

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Cuatrecasas achieved total consolidated revenues of €349,956,214 in 2021. This is a record number, representing a 11% increase compared to 2020. In Spain, the number rose to €285,922,128. The 2021 results confirm the growth trend observed by the firm over the last five years. Between 2017 and 2021, Cuatrecasas experienced a cumulative increase in revenue of €102.3 million (+41.3%).

Turnover in new matters grew by 30%, and there was a 50% increase in revenue from sale and purchase transactions. The volume of international business – understood as the turnover in matters referred by international law firms, matters of clients established outside Spain and Portugal and matters with foreign dominant jurisdiction – represented 35.2% of total revenues. In 2021, growth occurred in all territories and practice areas.

Jorge Badía, CEO of Cuatrecasas, considers that the growth of the last five years is not circumstantial: “It’s not that it’s been a good year, it’s that things are going well for us. We have found a formula that is allowing us to recruit exceptionally talented professionals and, at the same time, have an attractive range of services for the market.”

Cuatrecasas ended 2021 with a total of 1,975 employees, including 1,183 lawyers and 229 partners.

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