Gomez-Acebo posts 8% drop as downturn continues to hit Spanish firm revenues
Gomez-Acebo & Pombo has posted falling revenues for the 2011 calendar year as Spanish law firms continue to feel the effects of the downturn on their business. The firm saw turnover drop 8% to €62.8m (£52.6m) during the year, a result managing partner Manuel Martin Martin (pictured) attributed to the loss of “several significant transactions” in October, saying the independent firm had been on track for 2%-3% growth until before the summer.
Gomez-Acebo & Pombo has posted falling revenues for the 2011 calendar year as Spanish law firms continue to feel the effects of the downturn on their business.
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