HAVEL & PARTNERS, the largest Czech-Slovak law firm has recorded continuing economic growth in 2020. Its total turnover was up by more than 8% year-on-year with the first six months of the year being especially successful as the growth of revenues from the sale of services reached 17%. The revenues from the sale of services totalled CZK 789.1 million, recording an 8.7% growth year-on-year in the Czech offices of HAVEL & PARTNERS. The Slovak office also recorded growth. The rising turnover was adequately mirrored in increased profitability. The turnover of the entire group, including the debt collection agency Cash Collectors and tax advisory services, once again exceeded the CZK 1 billion threshold.
“Our outstanding economic results and the increase in turnover even during the Covid-19 crisis reflects our ability to quickly adapt to the situation in the market and flexibly respond to our clients’ needs. Thanks to our long-term expertise and macroeconomic data, we had been anticipating a crisis with a major impact on the economy for a long time and had been intensely preparing for it, be it in terms of the scope of our services, rigorous financial management as well as digitisation. Even though the crisis eventually hit us in a different form, we were quickly able to respond to it,” said Jaroslav Havel, the law firm’s managing partner, commenting on the firm’s economic success. He asserts that the significant growth in turnover was achieved despite the fact that in spring, the firm temporarily decreased the hourly rates to all its clients affected by the Covid-19 pandemic that asked for a discount, and doubled its free legal advisory to 1500 hours/month. “I am convinced that our commitment and high professionalism as well as flexibility of all our teams combined with individual approach to clients and the development of our mutual strategic partnerships in these tough times was and still remains our key competitive advantage,” Havel added.
HAVEL & PARTNERS’ revenues have been continuously growing since its incorporation in 2001. This has been possible mainly thanks to the provision of legal and related tax services to leading Czech, Slovak and multinational companies and Czech and Slovak entrepreneurs, including approximately a third of the wealthiest Czechs and Slovaks. In 2020, the fastest growing areas again comprised mergers and acquisitions, litigations and arbitrations, insolvencies and restructurings, regulatory matters, and public procurement. The advisory group focusing on competition law and economy also kept growing.
Last year was also historically the most successful year for HAVEL & PARTNERS in terms of the most prestigious global and domestic awards it won: the law firm became the absolute winner of the award Law Firm of the Year in the Czech Republic and also ranked first in Slovakia. It also won the Chambers Europe Awards, the most prestigious global award, for the best Czech law firm.
“I am glad that the firm’s expertise, loyalty and the utmost commitment of our colleagues and their ability to cope with all the adverse circumstances that the pandemic brought was appreciated not only by our law firm’s management, but also by an independent panel and primarily by our clients. For our clients, on the other hand, this was a confirmation that they are cooperating with the best law firm on the market, which is the leader not only in times of prosperity but also in times of crisis and is able to assist them with the aftermaths of the crisis quickly and efficiently,” Havel added.
