HAVEL & PARTNERS, the largest independent law firm in Central Europe, reported record financial results for last year again. The firm’s total turnover grew by 7% year-on-year, with the second half of the year being more successful, when revenue growth reached almost 20%. Sales of legal and tax services amounted to EUR 951 million. The Czech branches of the firm announced year-on-year growth of nearly 7%, while the Slovak branch grew by 7.4% and profitability increased accordingly. In terms of the entire group, which also comprises the debt collection agency Cash Collectors and specialised tax advisory services, the turnover exceeded CZK 1.1 billion.
“Last year we once again confirmed our strong and extremely stable position in the Czech and Slovak legal market,” commented Jaroslav Havel, Managing Partner, on another successful period. “The firm has been growing steadily since its establishment 20 years ago. This trend has continued despite the ongoing coronavirus crisis and turbulent economic developments. Once again, it has proved that we are well prepared for market changes; we have precise financial management, are able to respond flexibly to our clients’ needs and are constantly developing future branches, such as digitalisation and technology, legislation, regulation and ESG,” added Mr Havel. In his opinion, the firm’s success is primarily based on building a unique relationship with clients and being able to guide them through their business, which results in the creation of strategic partnerships and a major competitive advantage.
Last year’s growth was positively driven by all practice groups within the firm, with M&A, the legal and tax structuring of personal assets, and real estate projects continuing to be key areas. The restructuring and insolvency and litigation groups have also been growing, as have the teams advising on technology law and venture capital, branches of business that have seen record investments in recent years.
In addition, HAVEL & PARTNERS again complemented its excellent economic shape with a number of local and international awards last year. The firm again became the absolute winner of the Czech Law Firm of the Year awards and also retained its top position in the prestigious global Chambers Europe Awards as the best Czech law firm. “I believe that these accomplishments are primarily a reflection of the maximum commitment and teamwork of all my colleagues in the firm, the exceptional quality of our expertise and the flexibility of our internal teams. For our clients, however, they are also proof that they entrust their business and private matters to the best law firm in the market," concluded Jaroslav Havel.
