Spanish revenue of ‘Big Four’ auditors’ legal arms hits €400m

The combined revenue of the Spanish legal arms of the ‘Big Four’ auditors increased by more than 7 per cent in the last year and now stands at €400 million, according to new data.

Revenue at PwC Tax & Legal Services totalled €142.9 million in 2014, up 2.4 per cent on the previous year, while KPMG Abogados’ revenue stood at €91.6 million, which represented an increase of nearly 12 per cent.

Deloitte´s revenue stood at €85.9 million, up 12 per cent on the previous year, while EY Abogados’ revenue totalled €79.6 million, an increase of 8 per cent, according to data published by Expansión.

The ranking of law firms in by revenue also revealed that billing by Clifford Chance in Spain increased by 15 per cent to €59.3 million, while Linklaters’ revenue jumped 19 per cent to €48.7 million.

Pérez-Llorca´s revenues grew 17 per cent to €29.5 million, while Ecija´s billing jumped 13 per cent to €28.5 million. Meanwhile, Hogan Lovells revenues increased by 5 per cent to €31.9 million.

Of the 20 largest firms in Spain by revenue, the only firm to report a decrease in billing in 2014 was Gómez-Acebo & Pombo – the firm´s billing dropped 5 per cent to €51 million.

Garrigues (with revenue of €303.6 million), Cuatrecasas, Gonçalves Pereira (€205.4 million) and Uría Menéndez (€166.8 million) remain the three largest firms in Spain by revenue, according to the report.