Destination Spain
For years, Spanish law firms have viewed (and continue to view) Latin America as the promised land for international expansion. But who says the flow of interest can’t go both ways? Spain is indeed emerging as a preferred destination for South American law firms, eager to enhance their presence not just on the Iberian Peninsula but across Europe. This shift highlights a new dynamic in the global legal market, positioning Spain as a strategic bridge between the two continents.
by ilaria iaquinta
WHY SPAIN
Madrid’s geographical position makes it an ideal hub for bridging Europe and Latin America, facilitating international operations with convenient travel and communication across time zones. Spain’s stable economic and political environment offers a reliable base, appealing to law firms from more volatile regions. Cultural and linguistic affinities enhance integration and communication, ensuring a smooth transition and maintaining firm identity. Establishing an office in Madrid grants access to the broader European market, offering growth opportunities and the ability to handle complex, multi-jurisdictional cases. Additionally, Madrid’s vibrant business ecosystem and robust legal infrastructure further support the expansion and success of Latin American law firms in Europe.
2024
In 2024 alone, two prominent Latin American law firms have landed in the country, and specifically in Madrid: Martínez Quintero Mendoza González Laguado & De La Rosa from Colombia and Rebaza Alcázar & De Las Casas from Peru.
The Colombian law firm, renowned for its strong reputation in corporate law, inaugurated a new independent office in Calle Alfonso XII 36 in May. This move follows its previous association with DLA Piper under the name DLA Piper Martínez Beltrán. Leading the new office is partner Felipe Quintero, an acclaimed lawyer who aims to bridge the Spanish and Colombian legal markets. According to the managing partner, the firm does not intend to compete with Spanish law firms but rather to collaborate and channel investments between Europe and Colombia. This strategic move underscores their objective to enhance cross-border capabilities while leveraging cultural and linguistic affinities to provide specialized legal services.
Peruvian firm Rebaza Alcázar & De Las Casas (RAD) joined the trend in January, opening its first European office in Calle Velázquez 34 to support clients in European investments and second home ventures. Renowned for their expertise in corporate law, mergers and acquisitions, and banking, RAD’s entry into Madrid signifies their ambition to serve clients on a global scale. Headed by partner Hector Gadea, the Madrid office enhances RAD’s services in M&A, international litigation, and private client matters. Managing partner Alberto Rebaza emphasized the goal of bridging clients with European advisors and strengthening ties with European firms.
