10. 8. 2020
HAVEL & PARTNERS, the largest and the most successful Czech and Slovak law firm, builds on its last year’s financial results when its turnover on net legal services saw a year-on-year increase of 11.5% in the first half of 2020. The high pace was achieved mainly by HAVEL & PARTNERS offices in Prague and Brno.
Last year, HAVEL & PARTNERS registered a year-on-year increase in its revenue by more than 11% and the sales generated by the entire group exceed one billion Czech crowns for the first time. In the first half of 2020, revenue for net legal services reached CZK 388 million, with the group’s total sales amounting to approx. CZK 500 million. “The firm’s financial results, with a growth of more than 11% again, suggest that so far we have managed to maintain the positive trend of double-figure growth achieved last year. Nevertheless, we expect some slowdown in connection with the impacts of the coronavirus pandemic and related measures in the next months; however, even our pessimistic scenario assumes a slight growth in turnover and profits for the whole of 2020,” says Jaroslav Havel, the firm’s managing partner.
HAVEL & PARTNERS’ revenues have grown continuously since the firm’s establishment in 2001. This is mainly due to the provision of legal services to leading Czech, Slovak as well as international companies and Czech and Slovak entrepreneurs, including approx. one third of the richest Czechs and Slovaks. The key areas of advice are still mergers and acquisitions, legal and tax structuring of personal property and real estate projects. Also, the practice groups advising on restructuring and insolvency, and arbitration and litigation have recorded growth.
“With our many years of experience and with the knowledge of macroeconomic data, we have expected the income of a crisis, having a major impact on the economy, for a long time, and made intense preparations for it for more than 18 months, in terms of the scope of our services, consistent financial management and digitisation. Although we were affected by the crisis in a form different from what we expected, we were able to respond immediately. Since day one, we have provided intense advice to top managers, business owners and investors, banks, and insurance companies. We support our clients’ in-house lawyers in assessing emergency situations and measures in all business sectors and branches of law and taxes, including state aid. I believe that our commitment and the high level of experience of all our teams, in combination with an individual client approach and the development of strategic partnership with clients, is our main competitive advantage both in these trying times and for the next period,” adds Jaroslav Havel.
The excellent financial results have also been enabled by the international renown of HAVEL & PARTNERS and related collaboration with international law firms that engage HAVEL & PARTNERS in major comprehensive international projects and cross-border transactions more and more often.
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