Abreu Advogados grows 19% and reaches revenue of €49.7m in 2023

Abreu Advogados, led by Inês Sequeira Mendes, has closed 2023 with a consolidated revenue of 49.7 million euros, representing a positive growth of 19% compared to 2022, the year in which it celebrated its 30th anniversary.

Inês Sequeira Mendes, Managing Partner of Abreu Advogados, says: “Once again, the Abreu Advogados team, in the various Portuguese-speaking jurisdictions where we operate, was able to contribute with its work, dedication and quality to fulfil the strategic objectives set. We consolidated our position as one of the four main Portuguese law firms operating in the PALOP and were recognised as the 16th most innovative in Europe, and the first in Portugal, according to the Financial Times. This award demonstrates our commitment to talent, innovation and digitalisation, diversity and inclusion and reinforces our desire to continue to have concrete positive impacts on the communities in which we operate.”

Growth areas

The firm, which is full-service and multi-jurisdictional, has grown in all service areas, with Corporate & M&A, Litigation & Arbitration, Real Estate, Public & Environment showing a greater weight in the firm’s activity in 2023. The firm’s commitment to internationalisation with a focus on the PALOP countries also continues to prove successful, with the international market accounting for 40% of global turnover, with the firm’s network in three global jurisdictions (Angola, Mozambique, East Timor) and at national level in four regions (Aveiro, Coimbra, Porto and Madeira).

Talent

Abreu Advogados continues to focus on attracting and retaining talent and has a team of 365 employees, including 232 lawyers and 46 partners.

The work carried out by the teams at Abreu Advogados was honoured throughout 2023 by various rankings, directories and international entities. In the innovative work done by the law firm, the Knowledge Institute, a knowledge centre incubated within Abreu Advogados, has developed internal and external initiatives that contribute to the development of legal knowledge, always with a focus on the evolution of law and the practice of law.

Sustainability

The year 2023 also saw the consolidation of new projects, especially in digital transformation and adapting to new ESG requirements

The Abreu Advogados strategy, defined in the strategy of the current Board of Directors, allowed the Firm’s professionals to explore, with greater focus, projects in the areas of digital transformation (with a highlight for the Abreu 360 project, a business management and compliance system developed by and for the Firm).

In addition to the work carried out by the Abreu Tech group, which was responsible for mapping and testing tools and solutions focused on productivity and efficiency, in various projects developed by the ESG team, such as the partnership with Nova University in the Nova Greenlab project, the participation in various events and conferences on ESG and sustainability and the partnership with Jornal de Negócios in the Negócios Sustainability 2030 initiative.

More than 2,740 pro bono hours supporting 24 associations

The area of sustainability and social responsibility is one of Abreu Advogados’ strategic pillars and last year accounted for 2,742 hours of pro bono services by the firm’s teams, which supported 24 associations in the development of their projects.