Though major firms in Spain and Portugal are implementing artificial intelligence (AI), doubts persist about the technology, with some managing partners saying it performs like a ‘bad associate’
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Pérez-Llorca has recruited competition partner Juan Jiménez-Laiglesia from EY Abogados.
Surge in corporate and litigation work, as well as drives to increase efficiency, results in corporate law firms in Spain and Portugal experiencing revenue increases of up to 20 per cent
Uría Menéndez and Clifford Chance acted for private equity fund Advent International on the sale of a 45 per cent stake in Maxam to fellow private equity firm Rhône Capital.
Freshfields Bruckhaus Deringer is advising Hochtief – a major shareholder in Abertis Infraestructuras (Abertis) – on the sale of Abertis’ 29.9 per cent stake in Cellnex Telecom to Edizione for €1.5 billion.
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
Investors are battling for the best assets in Iberia and this is generating plenty of work for lawyers, but such work is not always as profitable as law firms would like
Investors are increasingly seeing Iberia as a single market, which means firms with offices in both Spain and Portugal can better serve them, some lawyers argue
Big Data transactions could soon be worth ‘hundreds of millions’, while due diligence is changing due to the need to analyse large volumes of complex data – lawyers who master this will strengthen client relationships
The Spanish NPL market – where deals have an average value of up to €1.5 billion – has become increasingly sophisticated with portfolios packaged to attract specialist investors
