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Leading law firms in Spain and Portugal are increasing their intake of trainees due to growing workloads. As new Iberian Lawyer research shows, trainee intake grew by up to 86 per cent at major Spanish law firms in the last year, while some of Portugal’s biggest firms almost tripled their trainee intake during the last 12 months. However, as our report in this e-alert reveals, there are concerns that the long-term trend could in fact be declining trainee numbers.
Elsewhere in this bulletin, we also report on how new data shows that the legal arms of major auditing firms are increasing their share of the Iberian M&A market – the statistics suggest that the likes of Deloitte Abogados, KPMG Abogados and PwC Legal are winning M&A instructions at the expense of the traditional market leaders.
Ben Cook
Editor, Iberian Lawyer
ben.cook@iberianlegalgroup.com
Twitter: @BenCook_Iberian
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News
New data shows the likes of Deloitte, KPMG Abogados and PwC Legal are advising on more M&A deals and suggests auditing firms are winning instructions at expense of traditional market leaders
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Telepizza has instructed Linklaters as legal adviser for its prospective floatation on the Spanish stock exchange.
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Cuatrecasas, Gonçalves Pereira advised IT company Rocket Internet and food distributor Grupo Foodpanda on the sale of La Nevera Roja to Just Eat.
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PLMJ advised Axpo in its acquisition of 25% of Goldenergy, Portugal´s third-largest supplier of natural gas.
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King & Wood Mallesons was instructed by AEW Europe City Retail Fund on the acquisition of a 750-square-metre real estate asset in Madrid’s Calle de Serrano.
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Olleros Abogados has announced the recruitment of a team of lawyers from AC&G Asesores Legales.
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Watson Farley & Williams advised Cerberus Capital Management on the €175 million acquisition of four Spanish wind farms.
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Broseta has appointed Rosa Vidal as managing partner.
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The Latin American Lawyer
Simpson Thacher advised Republic of Peru in the issuance and sale of €1 billion 3.75% Euro-denominated global bonds due 2030 in an SEC-registered offering.
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Central American law firm BLP advised Crédito Real, a Mexican financial company, on its acquisition of 70% of Instacredit.
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News focus
 After a period of draught, trainee intake at Iberia’s leading firms is on the up once again as workloads increase
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Client view
 Mediapro’s Iñigo Cisneros says he is not willing to pay hourly rates for external lawyers and instead insists on an agreed budget
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Iberian Lawyer TV
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Events
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Agenda Africa 2016
Sub-Saharian Africa.Light at the end of the tunnel?
21 April 2016, 09.00 – 12.00, London
A special focus on the region and in particular, lusophone Africa that offers business opportunities linked to their natural resources and demand for commodities. But which countries are moving faster? Who are the winners and the losers from the foreign investors’ eyes? Now in its sixth successful year, Agenda Africa is an invitation-only networking event for businesses, investors and advisers active in sub-saharian and Lusophone Africa. The event is informal and dynamic, and participants debate the current hot topics in an interactive style. A series of specialist panels allows the group to exchange experiences with leading experts.
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Lawyers’ Management Program
24 to 28 May 2016, Madrid, Instituto de Empresa
Now in its 6th successful year, IE Law School’s Lawyers´ Management Program is the only global program designed to better equip lawyers – be they within legal departments or law firms – with the knowledge and skills they require in this ever-changing environment.
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