He Garrigues law firm achieved revenues of 454.27 million euros globally in 2023. It thus experienced an increase of 2.51% compared to the previous year, becoming the first in the European Union to exceed 450 million in revenue, after accumulating 10 exercises of uninterrupted growth. Specifically, in the case of Spain, the company earned 396.7 million, with a growth of 2.72% year-on-year.
Garrigues managed to increase income in all areas. Highlights the commercial, mergers and acquisitions, which has a greater weight in the business (with 32%), followed by tax (30.3%), conflict resolution (11.8%), labor (11.3%) and administrative and constitutional (8.2%). Furthermore, although the 2023 financial year has been characterized by the global geopolitical crisis and political and institutional instability in many of the countries in which Garrigues has a presence, the executive president of Garrigues, Fernando Vives, has assured that the firm “has continued faithful to its philosophy of solid and profitable growth, cost control and investment in strategic areas.”
As regards the Plan of Sustainability2023-25is composed of 12 lines of action aimed at certain environmental, social and governance objectives. Regarding the environment, 100% of the electrical energy consumption of the firm's offices in Europe recorded last year was of renewable origin. Likewise, 100% of scope 1 and 2 CO2 emissions were offset.
In social terms, the office continued its progress in equality. He 51% of the workforcewhich in total has 2,187 employees, is made up of women; 49% of the year's hires also corresponded to women, as well as the percentage of promoted partners reached 50% of the total. On the other hand, with regard to governance, the internal regulatory system was expanded with the integration of new policiessuch as those related to the employment of the Generative Artificial Intelligence.
He progress in digital transformation was positioned as another of the 2023 objectives. Thus, a investment of 64 million euros in the last five years by the office. Furthermore, Garrigues has carried out the development of its own Generative Artificial Intelligence platform, Garrigues GAIA, which provides all its professionals with various models trained internally and integrated with enriched commercial models to adjust their behavior. Garrigues also wanted to remember the acquisition of a controlling stake in EADTrust, a Qualified Trusted Electronic Services Provider registered with the Ministry of Economic Affairs and Digital Transformation, last May.
Last year marked 50 years since the opening of the Garrigues office in New York. An event that marked the beginning of the international career of the firm and the Spanish legal profession. The firm now has a total of 30 offices in 12 countries on 4 different continents.