LMT Abreu Loureiro, Correia de Matos & Galvão Teles recently joined Empresas Familiares – Portuguese Family Businesses –, becoming its associated assistant with the aim of providing support and expert advice to family businesses and patrimonial families that are members this important association.

Family businesses have their own identity: the strong relationship between its history and the history of the very families they belong to; the tendency for their perpetuation over several generations; the charisma of their founders and leaders at all times; the often lasting connection to certain property assets; the detention of files with interest not only to the family and the company history but also for the history of the markets and regions in which they operate and sometimes even to national history; action in traditional and prestigious business sectors.

LMT Abreu Loureiro, Correia de Matos & Galvão Teles thus believes that to know and to show these attributes is to create value for the business or activity of family businesses, strengthening their respective corporate identity and gaining renown and prestige in the markets in which they operate.

Empresas Familiares is a non-profit nationwide institution, in all activity sectors, having as objective to promote family businesses and to give them a voice in the national economic, social and political scene. In Portugal, it is estimated that 70 to 80% of the companies are family-run and that they contribute to 60% of employment and 50% of the gross domestic product.

During the meeting of the Council of Academics of the Portuguese Academy of History on the 21st of July, Lourenço Correia de Matos, partner at LMT Abreu Loureiro, Correia de Matos & Galvão Teles, was elected academic correspondent of this prestigious official institution, which depends on the Secretary of State of Culture and that is currently presided by Manuela Mendonça, lecturer at the Faculty of Letters of the University of Lisbon.

Restored in 1936, the Portuguese Academy of History is the heir of the Royal Academy of Portuguese History, created by king D. João V in 1720; counting 30 academics and 80 correspondents, all Portuguese, amongst whom João Bernardo Galvão Teles, equally a partner at LMT Abreu Loureiro, Correia de Matos & Galvão Teles.