The revenues from the sale of legal and tax services of HAVEL & PARTNERS, the largest independent law firm in Central Europe, amounted to CZK 1,058 million in 2022. The firm's total turnover grew by more than 11% year-on-year. Within the Czech offices, the year-on-year increase in turnover corresponded to less than 10%, while the Slovak office grew by 17%. In particular, the area of tax services achieved a significant growth, with a turnover increasing by 53%. The turnover of the entire group, which also includes the Cash Collectors collection agency and specialised tax consultancy services, exceeded CZK 1,250 million.
“Our firm has been growing continuously in terms of turnover and personnel since its establishment in 2001. In terms of turnover, we grew again in double digits in 2022, with revenues exceeding the threshold of CZK 1 billion and the number of our clients, which currently is more than 3,000, has also grown,” said Jaroslav Havel, managing partner of the firm.
The increase in the firm's turnover last year was driven in particular by the specialised advisory tax group, which grew significantly not only in terms of turnover but also in terms of personnel. The upward trend in economic performance has also been supported by venture capital and technology law advisory services, areas that have seen record investments in recent years. Services for private clients focused on asset management and protection were also in great demand last year. The advisory groups specialising in real estate law, restructuring and insolvency, and litigation also grew.
Although the firm grew in turnover in 2022, there was a slight decline in profit of about 5% compared to 2021. “The reason for the decline in profit is mainly due to the increase in personnel and investment costs. Last year, we increased our remuneration in connection with inflation and, above all, substantially expanded our team, which, with 320 lawyers and tax advisors, consolidated our position as the strongest team in the Czech and Slovak legal market. We also increased the costs of investments in further development of the firm, whether in new technologies or, for example, in the expansion of the premises,” added Jaroslav Havel.
The quality of the services provided, which contribute to the continuous economic growth of HAVEL & PARTNERS, is evidenced by the domestic and international awards the firm received in 2022. In the Law Firm of the Year competition in the Czech Republic, HAVEL & PARTNERS received the main award in the Domestic Law Firm category for the third time in a row, as well as the award for the Best Client Services. It was also named the best Czech law firm for the third time in a row in the prestigious global ranking of the Chambers Europe Awards. In the Slovak Law Firm of the Year competition, it received the main award in the International Law Firm category and, as in the previous two years, it also won the Best Client Services category.