Tags : cat-disputeresolution
Law firms that defend clients in class actions are buckling under the weight of the thousands of claims they have to contend with – consequently they face the choice of turning down work due to lack of resources or bolstering their teams to meet demand
While there has been an increase in court disputes in Portugal – particularly in relation to banking and capital markets – the use of arbitration in the country is in decline, according to Miguel Esperança Pina, partner at Cuatrecasas, Gonçalves Pereira.
The cases related to the bank are so complex that even experienced litigators find it challenging to fully understand all the relevant products and structures
Dispute resolution teams are now major generators of revenue for law firms in Portugal, but before the crisis, litigators were often overshadowed by M&A and real estate lawyers
Directors and officers litigation is generating significant fees for law firms in Lisbon as the European trend for suing company directors begins to sweep Portugal
A series of court rulings have overhauled the Spanish mortgage market and created the “biggest litigation issue” in Spain, according to Eduardo de León, partner at Araoz & Rueda.
A key challenge facing lawyers is being able to handle a new wave of mass consumer litigation, which involves using innovative technology to manage information
While the increase in litigation in Portugal may be good for lawyers, it is having an adverse effect on corporate valuations, particularly in the banking sector, says João Caiado Guerreiro, partner at Caiado Guerreiro.