A great practice leap forward

The opening of the Madrid office of
Broseta Abogados in 2007 meant a
significant strategic leap for the Valencia-based
firm, but which has already taken it
into new directions says the office
Managing Partner, Jesús Avezuela.

'From the outset we were concerned
that our profile should only be enhanced
by opening, and in order to do so this has
meant focusing on new practice areas and
to look to build highly skilled teams.'

Notable in this respect is the firm's
emerging focus on the funds sector and
the recruitment in Madrid of partners
Julio Veloso and Javier Morera; the pair
previously led the local office of medium size
firm Rodés & Sala and are best
known for their expertise in the private
equity, funds and corporate areas.

'We are not only targeting private
equity funds but private investment funds
in general. Collective Investment Schemes,
for example remain, while new types of
structures such as the asesoramiento
financiero (EAFIs) are now emerging.
Regulation is increasing and experience in
the sector and strong relations with the
regulators will become increasingly
important,' says Avezuela.

La apertura y expansión de
Broseta en Madrid ha
llevado al despacho a
tomar nuevas direcciones,
comenta el Socio Director
de la oficina, inmerso
ahora en el sector de los

Such amove demonstrates confidence
not only in Broseta's ability to penetrate
the Madrid market, but also a
fundamental belief in the strength and
continuing attraction of Spain to investors.

'We believe that the market will come
back even though it may be a very
different one to that which we previously
knew – it will be some time before we
again see the figures we have had in the
last few years – but in which we want to
feature prominently.'

With such ambition it is important
therefore to continue to invest in
significant practice sectors even in the face
of the wider economic situation, he adds.
The firm has grown to 80 lawyers and last
year revenues increased 40% to €9m.

'We intend to continue growing and to
implement themeasures envisaged in our
Strategic Plan. Our approach has been to
turn to large companies and to offer
advice on complex transactions and for
that we need to be in Madrid and have
experienced professionals.'