Gómez-Acebo continues its momentum (93 M, +11%) and is on the verge of reaching the 100 M mark

In another outstanding year, the firm headed by Íñigo Erláiz once again broke its ceiling with a global turnover of 92.86m. In Spain, it grew by 11.6% achieving revenues of 83.85 million euros.

Gómez-Acebo & Pombo is the first major Spanish law firm to present results. In 2023, under the leadership of Íñigo Erlaiz, the firm once again surpassed its historical turnover ceiling, recording global revenues of 92.86 million euros, marking a substantial increase of 10.8% compared to the previous year. In Spain, the firm reached 83.85 million euros, representing an impressive growth of 11.6%. The firm attributes these remarkable results to several factors, including the growth experienced in transactional areas and other significant circumstances, such as the successful completion of major transactions like Zegona’s acquisition of Vodafone Spain, the restructuring of Celsa, and the takeover bid for OPDenergy.

With close to 93 million euros in revenue, marking yet another year of double-digit growth—following a 10% growth in 2022—Gómez-Acebo is edging closer to the 100 million euro milestone. Achieving this would align the firm with the legal areas of the Big Four and Pérez-Llorca, with KPMG lawyers closing the gap at 112.77 million euros, according to last year’s figures. The firm highlights not only the exceptional performance of its transactional teams but also the “very good performance” across its other practice areas, including Litigation, Public, Tax, Labour, Industrial Property, Intellectual Property, and New Technologies, all of which experienced growth of over 10%. Despite commendable performances across all offices, the majority of Gómez-Acebo’s turnover remains concentrated in Madrid, accounting for two-thirds of the total. The firm also underscores the growth potential of its Lisbon office, which it plans to bolster in 2024 through strategic hires announced in recent weeks. Furthermore, it notes the “growing weight” of business originating in the Latin American region, with a turnover increase of more than 50%.

Íñigo Erlaiz, managing partner of Gómez-Acebo & Pombo, has stated that they are “proud” of the results obtained “because it is a very balanced and transversal growth”. The firm’s objective, he continues, “is to be leaders in all practice areas” and, although “the growth in itself is not important, it is relevant to the extent that it reflects progress in the direction of improving the positioning set by the firm”. Erlaiz also pointed out significant improvements in other indicators, such as price per hour or turnover per lawyer, driven by the nature of matters the firm has undertaken. “It is a quiet, healthy and very orderly growth”, says GómezAcebo’s managing partner, who recalled that they have made “significant additions” -such as those reported by El Confidencial of former Linklaters Alexander Kolb or Andrew Ward, from Cuatrecasas-, but which have not led to a larger than usual increase in the number of professionals. “As always, maintaining our essence and our culture, in which cohesion between partners, proximity and the personal element are key, continues to be an inalienable principle along the way,” he explains.

In addition to its financial success, the firm highlighted initiatives launched in 2023 to enhance productivity, efficiency, and professional care. Looking ahead to 2024, Erlaiz affirmed plans to undertake important technological projects while maintaining focus on positioning the firm as the Iberian reference point and strengthening its international role, particularly in the most relevant jurisdictions.

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El Confidencial |Cinco Días |Expansión