Spanish heavyweight Cuatrecasas has reported modest revenue growth for 2025, with its top line inching up 2.5% to €447.1m.
The increase represented a slowdown on the previous two years’ double-digit rises and trailed those of Spanish rivals Garrigues and fast-growing Pérez-Llorca, which upped revenue 9.5% to €527.7m and 28% to €211.3m respectively in 2025, with Pérez-Llorca’s 2025 revenue calculated on a pro forma basis.
Nevertheless, Cuatrecasas noted its topline had grown by nearly 42% between 2020 and 2025, which amounts to an additional €131.8m.
The Barcelona-headquartered firm’s international revenue reached €99.4m in 2025 – 22.2% of the total and an amount it said made it the Spanish-origin law firm with the largest international earnings.
That was supported by a hiring drive across its network in Latin America, where the firm opened offices in Mexico, Peru, Chile and Colombia between 2016 and 2021.
Key additions included Carolina Menichetti in Santiago to lead its Chilean real estate M&A practice and Isabella Gandini and Margarita Llorente, who joined the labour and employment and real estate practices respectively in Bogotá.
Gandini had previously practised at Deloitte, while Llorente had been in-house at Colombian construction company Amarilo, a client of the Cuatrecasas. The firm also relocated Colombian corporate partner Felipe Mariño to its New York office to boost its Latin America platform in the USA and Canada.
Javier Fontcuberta, who took over as managing partner of Cuatrecasas last April, said that closing 2025 with record revenue was “the result of a clear strategy: technical excellence, closeness to clients and a sustained commitment to talent and technology”.
Having grown 4.2% in 2024, the firm’s workforce remained virtually static in 2025, closing the year with a team of 1,985, of which 70% are lawyers, including around 280 partners, and 30% business support staff.
The firm jumped 10 places to seventh in the London Stock Exchange Group’s legal advisor rankings by value on deals with Spanish involvement, after working on deals worth $11.1bn. That put it ahead of Garrigues ($9.2bn) but behind rivals like Pérez-Llorca ($16.7bn), Uría Menéndez ($22.5bn) and market-topping Freshfields ($31.6bn).
Deals highlights in 2025 included advising HIG Capital on its acquisition of a majority stake in leading Spanish occupational health and safety services provider Avanta Salud Group, and working alongside McDermott Will & Schulte to guide Tether on the acquisition of a minority stake in the digital asset platform Bit2Me.
Another highlight for the firm last year was the creation of a new business unit to group innovation projects like its start-up accelerator and technology piloting programmes under one brand.
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