International firm Pinsent Masons has increased its global turnover by 14% to €714.9m in the last financial year 2022/2023.
Image and comments: Fernando Gutiérrez (partner, co-managing partner, Madrid) and Inmaculada Castelló (partner, co-managing partner, Madrid).
Pinsent Masons measures results against its purpose. Therefore, they have not only evaluated their performance based on their financial success, but also through other metrics such as the satisfaction of their employees and customers, or initiatives to help those around them.
Among other activities, this year they have launched an ESG committee to support the firm and its clients in their transformation in this area; they have advanced in their goal of achieving greater gender parity in senior management, in particular Inmaculada Castelló has been appointed co-director partner of the Madrid office; and through the Exit Foundation and its professional coaching program for young people at risk of social vulnerability, several of its employees have accompanied students helping them to define their professional career.
This past fiscal year stands out, both nationally and internationally, for the changes in the firm’s management and growth. In Spain, the appointment of Inmaculada Castelló and Fernando Gutiérrez as co-managing partners of the Madrid office was announced last September. They relieve Diego Lozano, who held the position since 2017 when Pinsent landed in the country. After a successful 5-year launch phase, Gutiérrez and Castelló, both founding partners in Spain, were appointed co-managing partners to lead the second phase of the Pinsent Masons project in Spain, which will consist of its consolidation.
This consolidation has begun to take shape with signings in key sectors for the firm such as energy, real estate and financial services. Specifically, the firm incorporated an energy team led by Hermenegildo Altozano together with Alfonso Bayona and Juan de Navasqüés; Amaia Rivas to lead the public and regulatory law area; Francisco Aldavero as a leading partner in the private equity area; José Millán to lead banking and finance; and Patricia Pérez in the real estate and urban planning area.
In relation to the work carried out during the last year, it is worth mentioning, among others, the advice to: Inditex in the sale of its business in Russia to the Daher group; NTT Data in the design, development and implementation of Dōcō, Renfe’s new digital mobility platform, the first nationwide Mobility as a Service platform; Enagás in the acquisition of Reganosa’s 130 km gas pipeline network and sale to Reganosa of 25% of the El Musel Regasification Plant in Gijón; Nexxus Iberia in various investments and divestments in companies in the food, health and telecommunications sectors; and KKH Property Investors in the sale of The Standard hotel in Ibiza.
Inmaculada Castelló and Fernando Gutiérrez said: “It is a pleasure for us to make such a positive balance of our first year at the helm of Pinsent Masons in Spain. It has been a year of growth that has highlighted the consolidation of our brand in the country. All this would not be possible without the tireless work of our team, which is growing by leaps and bounds to be able to respond to the needs of the market. Likewise, we would like to thank our clients for the trust they have placed in us during these first years, our main reason to continue growing together every day.”
Internationally, the firm has opened a new office in Luxembourg, a key location for one of our sectors of expertise, financial services. In addition, Andrew Masraf has been named senior partner and Laura Cameron first global managing partner of Pinsent Masons, replacing Richard Foley and John Cleland.
Andrew Masraf, said: “Our commitment to our people, clients and society consistently pays off. We have had a record year of revenue growth and every day we are working to provide creative and innovative legal services to clients who are grappling with complex issues in an uncertain economic landscape.”