ESCURA was founded in 1905 and is one of the most famous law firms in Barcelona. The company consists of 80 professionals in 6 offices between Barcelona, Tarragona and Madrid. In the field of competition, private claims for damages are also increasingly common in Spain, and a number of law firms are involved in such disputes. Dispute resolution services in general remain busy, with many dealing with Covid-related disputes and financial disputes. Companies also expect an increase in insolvency-related cases if support for state measures is stopped; Currently, many restructuring experts in Spain advise clients on how to avoid insolvency once this aid is over. Law firms are also reporting continued investor interest in technology, real estate, and healthcare, and while M&A activity took an inevitable hit during the first wave of the pandemic, transactions are active again, in part due to the combination of low interest rates and high liquidity. The Spanish legal market is home to a variety of law firms, with independent firms such as Uría Menéndez, Cuatrecasas, Garrigues, Gómez-Acebo & Pombo and Pérez-Llorca continuing to lead in areas such as mergers and acquisitions and dispute resolution. Several international law firms are also well established in the competitive and busy legal market: Allen & Overy, Clifford Chance and Linklaters are large UK law firms operating in the country, with Hogan Lovells International LLP, Herbert Smith Freehills LLP and Watson Farley & Williams LLP other international names. Top 25 Law Firms Revenue Ranking in Spain: a study by El Confidencial on Pedro del Rosal and Irene Cortés.
No change at the top: Garrigues, Cuatrecasas and Uría Menéndez continue to lead. Pérez-Llorca grows by 33% to 91 million euros Environmental lawyers are also in high demand in Spain. Clients and law firms are increasingly interested in ESG and sustainability as the world grapples with the transition to a greener economy. Many companies pool their existing expertise in areas such as energy, environment and corporate governance to provide companies with a one-stop-shop offering on ESG issues and concerns. The legal sector experienced strong growth in 2021 following the doubts and uncertainties of the Covid exercise. This is reflected in the ranking of the turnover of the 25 law firms with the highest turnover in Spain last year, which was reviewed by El Confidencial. The three best national law firms, Garrigues, Cuatrecasas and Uría Menéndez, remain unchanged on the top step of the podium. Behind them, the group of the “big four” also remains unchanged. In fourth place, PwC Tax & Legal has managed to stop the rise of EY Abogados, fifth in the ranking, in recent years. The economic recovery, huge market liquidity and transactional hyperactivity have led to revenue growth of 6.53% for the elite of the entire legal profession.
However, with very uneven increases in turnover, which led to 14 changes of position in the “Top 25” of the legal profession. All companies have increased their revenue, with the exception of two, Linklaters and DLA Piper, although their figures should be viewed with caution as their last full financial year is April 2021 (both following the UK financial year), so they are still under the strong impact of the pandemic. The complete ranking of El Confidencial`s 25 law firms, on Pedro del Rosal and Irene Cortés, can be found here. Behind them emerges the great protagonist of this edition of the “Top 25” law firms: Pérez-Llorca. After a growth of “only” 7.03% in 2020, the law firm led by Pedro Pérez-Llorca stunned the market and increased its turnover by almost 33%. The organization increased its turnover by €22.54 million and achieved a turnover of €91.04 million. Below are some quick facts and figures about Spain. You can monitor any changes that take place in the law firms you follow. To track them, click Set up notification.
Spain, a country on the Iberian Peninsula of Europe, comprises 17 autonomous regions with different geographies and cultures. The capital, Madrid, is home to the Royal Palace and the Prado Museum, which exhibit works by European masters. Segovia has a medieval castle (Alcázar) and an intact Roman aqueduct. The capital of Catalonia, Barcelona, is shaped by Antoni Gaudí`s original modernist monuments such as the Church of the Sagrada Família. Garrigues is an independent law firm offering a full range of services. Headquartered in Spain (18 offices) and 12 other countries, including five in Latin America, it excels in virtually every practice area. Its integrated approach allows the firm to offer a comprehensive perspective to its clients, combining transactional, regulatory and tax implications in each order. Allen & Overy opened the Madrid office in 1991, at a time when the sophistication of the Spanish market, reflecting a simultaneous growth of the country`s economy, required a focus on quality with national excellence and international reach. The unstoppable digital transformation and demand for digital content continues in Spain, and future trends are likely to be influenced by EU rules on digital services: the Digital Services Law (DSA) and the Digital Markets Law (DMA). The country has launched its SME Digitization Plan 2021-2025 with the aim of integrating digital technologies into the processes and business models of SMEs in the country, helping them cope with crises such as Covid-19.
Amid the uncertainty caused by the pandemic, Spain`s renewable energy sector has emerged as a beacon of stability and hope. Investment in this sector continues to accelerate and is seen as one of the main drivers of economic recovery. This goes hand in hand with the entry into the market of international litigation funders. Litigation funding has become increasingly important in Europe and beyond in recent years and is now becoming a more common feature of the dispute resolution landscape in Spain as well.