The issue of technology will mould the future of law firms as many struggle to innovate – indeed, some will look for mergers as a way of effectively adapting to the digitalisation of the economy

Spanish market not comparable to London or New York in terms of fees – law firms find it difficult to charge domestic clients the rates they charge in other jurisdictions

Asset prices are going up in Spain as investors compete to make acquisitions, an environment that has led to the emergence of new sources of finance, says Carlos Blanco, Madrid managing partner at Roca Junyent.

Law firms striving to meet the increasingly sophisticated demands of clients will benefit by incorporating new technology into their internal processes

Political uncertainty caused by Brexit and the crisis in Catalonia has resulted in an increase in investment in Madrid, according to Alberto Ruiz-Gallardón, senior partner of the Madrid-based firm Ruiz Gallardón Abogados.

Companies from across Europe are currently considering investment in Latin America, but understanding cultural differences is a vital part of providing effective legal advice