Spanish independent Cuatrecasas Goncalves Pereira has posted a 1.2% rise in revenues for the 2012 financial year, while local rival Gomez-Acebo & Pombo has seen fee income drop by a similar percentage.

Cuatrecasas reported turnover last year of €245.6m (£211.5m), up on €242.5m (£209.3m) at the end of the 2011 financial year.