Following their successful entry into the Spanish market, the ‘Big Four’ are now targeting Portugal – some Lisbon lawyers fear decreasing fees and a drain of talent to their new rivals, but others argue that the
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Ontier has announced the opening of two offices in Italy.
In the short term, banking and finance-related work will sustain many law firms in Lisbon, but the longer term outlook is more uncertain and legal market consolidation is looking likely
Despite their economic difficulties, Spain and Portugal are seen as fertile ground for tech start-ups as office space is cheap and the salaries for IT engineers are relatively low – but does the sector represent a
Smaller firms follow the major players in reporting revenue increases partly due to rise in compliance and data protection work as well as innovative pricing and greater use of project managers
China’s economy may be slowing down, but fears that it could negatively impact on investment in Spain and Portugal appear to be unfounded with lawyers expecting the flow of capital from China to Iberia
With competition intensifying, and greater commoditisation of services, making compliance a profitable area of practice is, for some firms, increasingly hard work
Major law firms in Madrid grew in the last year with transactional activity driving healthy increases in revenue – however fee pressure persists, while the ‘war for talent’ escalates
Despite electoral uncertainty, optimism is high that deal flow will improve, while it is also anticipated that there will be significant opportunities in capital markets and real estate
