CHAIRMAN’S LETTER

Carta del presidente
Fernando Vives Executive chairman

For yet another year, I am pleased to present Garrigues’ Integrated Report, which provides an account of the firm’s performance in 2019, while setting out the most salient aspects affecting its progress and the main areas on which its work is to focus for the coming years.

Since 2006, when we began to report on our activities via our Integrated Report – being the first Spanish firm to take up this practice – Garrigues has gone through a significant transformation, with internationalization, digitalization and sustainability at its core. Today, we are present in 13 countries across 4 continents and we strive to be a go-to firm for quality in all the markets in which we operate; and we are tackling our digital transformation to ensure we come up to the expectations of our nearly 3,700 clients.

However, the most important aspect of the Firm has not changed in these 14 years. Every day, we demand more of ourselves. First of all, this can be seen in our firm commitment to hire and retain the best talent in the market, which is what has made Garrigues what it is today, i.e. a benchmark in the legal industry worldwide. Second, in the ongoing effort to achieve excellence in the service provided to our clients every day. Third, in our values, with ethics and a commitment to society as our guides. And fourth, in our ability to get ahead of the curve, which enables us to be at the forefront of the industry and to contribute to building the future of the legal profession.

These features, which form Garrigues’ core, are key to tackling 2020. When this year began, none of us suspected we would be facing a worldwide pandemic. This challenge is testing all of us – individuals, companies, institutions and society alike. In Garrigues’ case, the situation is highlighting the soundness of our strategic decisions, our culture and our values. I can only say that I feel proud of how everyone who works at the Firm is confronting one of the most complicated episodes in our history.

It is next year, when we again report on the Firm’s activities in our Integrated Report, that we will take stock of this. Meanwhile, we should not let the exceptional nature of the circumstances we are living through make us forget the path we have traveled in a year – 2019 – that has undoubtedly been good for our Firm. Among other things, we have launched several initiatives aimed at flexibility and improving time management and the life-work balance of our team, without losing sight of the demands placed on us by our activity and our model as a firm. We have made important progress in our eco-efficiency model, which we will continue to reinforce by setting ourselves ambitious goals. We have continued to invest in the technological means and resources required to provide the best service to our clients, who have rewarded us with their trust and loyalty.

Our wish to help address the major challenges facing society has led us to strengthen our commitment to the United Nations Global Compact and its 10 principles, and to formalize our contribution to the Sustainable Development Goals of the 2030 Agenda. We truly believe that the Firm can and must play its part in finding solutions to the increasingly complex issues facing society. A firm like Garrigues must exercise its leadership in this area as well.

I trust that the perusal of this 2019 Integrated Report will help readers to become better acquainted with Garrigues, its work and its people.

Fernando Vives
Executive Chairman