Kirkland & Ellis, the biggest law firm in the world by revenue, is understood to have held discussions with law firm partners in Madrid with a view to opening an office in the Spanish capital.
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The revenue of the top 80 law firms in Spain totalled more than €2.7 billion in 2018.
The May issue of Iberian Lawyer is now available.
Revenue at Pérez-Llorca grew 30 per cent to €52 million in 2018.
The Madrid office of Herbert Smith Freehills had integrated specialist litigation and arbitration boutique Arias.
New data shows PwC was the second best performing law firm in Iberian M&A in 2018, while Deloitte and KPMG were also ranked in the top ten
Allen & Overy and Pérez-Llorca advised CVC Capital Partners on its acquisition of Spain’s Universidad Alfonso X El Sabio.
Pérez Llorca has recruited Bardaji & Honrado Abogados lawyer Andy Ramos (pictured) as a counsel.
Herbert Smith Freehills advised Magnum Capital Partners on the acquisition of debt recovery business Cobralia Servicios de Recuperación.
Bird & Bird has hired senior associate Juan de Navasqüés from Pérez-Llorca.