Cuatrecasas increases revenue by 12.2% and tops €436 million
Cuatrecasas has closed the 2024 fiscal year with a business volume of €436.1 million, 12.2% more than the previous year.
Rafael Fontana, Cuatrecasas’s senior partner, considers the results to be a clear indication that the firm is doing well: “We have grown in Spain, Portugal and Latin America, and we have increased our presence in high-impact sectors such as international arbitration, real estate, private equity, infrastructure and energy. This success did not come about by chance. It is the result of a clearly defined strategic plan, placing the client at the center of the organization and being committed to talent, innovation and knowledge.”
Image: Rafael Fontana, Cuatrecasas executive chairman, with Javier Fontcuberta, managing director.
Growth
For the second consecutive year, growth has been double digit, the highest of the last five years. Between 2020 and 2024, the firm had an increase in accumulated revenue of €120.8 million (+38.3%). If the current trend continues, Cuatrecasas expects to pass the €500 million mark in under three years.
In addition, the firm has closed 2024 with a workforce of 1,990 employees, 4.2% more than in 2023, spread across the firm’s 25 offices around the world.
Areas
On the other hand, Javier Fontcuberta highlighted that “one of the most important challenges we have overcome in Spain has been the change towards a work model structured by vertical speciality groups, without geographical borders and strategic sectors or industries, which will be progressively implemented in 2025 in the offices in Portugal and Latin America”.
2024 Corporate Sustainability Report
Cuatrecasas has issued its 2024 Corporate Sustainability Report in which the firm accounts for its management in non-financial areas. In addition to other important issues, it highlights the investment in innovation and process optimization, particularly in Generative AI, which has reached €3.6 million.
The firm has also continued to consolidate and strengthen one of its key pillars, that of professional talent, with career plans that are more flexible, transparent and open to the new trends and expectations of its lawyers. In addition, in its business strategy to achieve gender parity and diversity goals, it maintains the number of women in committees and management bodies. In the field of social contribution, Cuatrecasas has dedicated a significant 4,017 hours to pro bono services, 34.4% more than in 2020.
Regarding the environment, the firm continues to press ahead toward a sustainable transition, closing a fiscal year in which 82% of the energy consumed was from renewable sources, and 81% of its offices are LEED- (Leadership in Energy and Environmental Design) or BREEAM-certified (Building Research Establishment Environmental Assessment Methodology), with technically sustainable buildings. In line with these indicators, Cuatrecasas continues to work on consolidating a robust ESG strategy that promotes socially and environmentally responsible practices.
