28. 1. 2020
In 2019 HAVEL & PARTNERS, the largest Czech-Slovak law firm, recorded the best economic results in its history. The total turnover of HAVEL & PARTNERS increased by 10% year-on-year in 2019, the first quarter being the most successful, when the turnover growth reached 15.6%. Revenues from net legal services reached CZK 711.5 million, representing a year-on-year increase of more than 9% in HAVEL & PARTNERS’ Czech offices and almost 20% in HAVEL & PARTNERS’ Slovak office. In line with the increase in turnover, profitability also increased due to large synergies and economies of scale. According to preliminary results, the total turnover of HAVEL & PARTNERS in the Czech Republic and Slovakia amounts to CZK 870 million and the turnover of the whole group, including the debt collection agency Cash Collectors and tax advisory services, exceeded for the first time one billion Czech crowns.
“Our excellent business results and the double-digit growth in turnover reflect the top quality of our stable team, with senior positions having almost no fluctuation rate, comprehensive specialisation, and know-how built over the years, and also an individual approach to clients and building strategic partnerships with them. As a result, we have the most stable client base on the market. We appreciate the trust of all our clients as well as leading international law firms, which increasingly choose us as partners for transactions and cross-border projects in Central and Eastern Europe,” commented the firm’s managing partner Jaroslav Havel on the economic results.
HAVEL & PARTNERS’ revenues have been growing continuously since the firm’s founding in 2001. This is mainly due to the provision of legal and related tax services to major Czech, Slovak and international companies, and Czech and Slovak entrepreneurs, including about a third of the richest Czechs and Slovaks. Among the fastest growing areas in 2019 were mergers and acquisitions, which set records last year in terms of both the number and the value of transactions, dispute resolution and arbitration, insolvency and restructuring, regulatory, public procurement, and the competition law and economics advisory group also grew significantly.
“In the future, we will continue to focus primarily on the most comprehensive legal cases, including the resolution of complex disputes. This year we especially want to further develop the tax law advisory group, which we significantly strengthened last year, as well as private client services. We are also planning to further develop the real estate advisory group, where we have extensive know-how, including legislative activity, and we also want to focus more on IT and technology,” said Jaroslav Havel of the firm’s plans for 2020.
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