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6 August 2013

Havel, Holásek & Partners increases annual revenue by almost 17%

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Havel, Holásek & Partners’ revenue rose year-on-year by 17% to CZK 473 million. Net profit increased to CZK 32 million, more than three times that of the previous year. This trend has continued this year as well. For Q1 2013 alone, the office increased its annual revenue by 27%.

In 2012, Havel, Holásek & Partners registered substantial growth. The firm’s revenue increased by 17% to CZK 473 million. Profit before tax was CZK 40 million. Thus, Havel, Holásek & Partners defended its position as the largest Czech law firm and also the fastest growing law firm on the Czech market.
The outlook for 2013 is also very promising and confirms the growth trend. In the first quarter alone, the office recorded revenue growth of 27% against the same period in 2012. “The results of the office are surprisingly good. In 2012, and this year, we managed to take on dozens of new clients. Even are offices outside of Prague improved their results in comparison to last year by 18%, and in all probability, we will continue to have double-digit growth,” Havel added. The Slovak office also had excellent results. Revenues increased from EUR 1.95 million to 2.65 million, and net profit reached EUR 500,000.
In principle, the firm’s revenue has been constantly increasing since its founding in 2001. The offices in Prague, Brno, Ostrava, and Bratislava employ more than 140 lawyers. The team is also made up of several dozen law students and more than 400 additional employees, including 130 employees from the collection agency Cash Collectors.
The office’s clients include approximately 80 Fortune 500 companies and more than 40 companies in the Czech Top 100. Currently, the firm has more than 1,000 clients. 

Czech Republic
Revenue:  + 17%
CZK 473 mil.
Net profit
CZK 32 mil.

Revenue:  + 36%
EUR 2.65 mil.
Net profit
EUR 500,000 

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