The top 50 law firms in Spain by revenue 2024
Iberian Lawyer unveils the financial data of the country’s largest law firms by income and profitability, highlighting sustained growth
by ilaria iaquinta
The Spanish legal sector remained dynamic throughout 2024, demonstrating its ability to adapt and grow despite the challenging global economic environment. Figures for the year show that the country’s leading law firms have strengthened their market position, driven by growing client demand, digital transformation, and a significant increase in specialised legal advisory services (click here to read the exclusive preview published by Iberian Lawyer). According to data compiled from public information and the publication’s own estimates, revenue in the Spanish legal market rose by 12.38% compared to the previous year. As a result, the sector reached an estimated total turnover of €3.58 billion.
THE PODIUM
Once again, Garrigues has secured the top spot in the ranking for another year. In 2024, the firm posted domestic revenues of €419.19 million, 5.7% higher than the previous year, thereby consolidating its steady growth trajectory. On a global scale, its turnover reached €481.85 million, up 6.1%, marking a new record. “2024 has been a good year for Garrigues. The trust of our clients and the good work of our team have enabled us to achieve a new all-time record in revenues. We have maintained solid and profitable growth, strengthened our teams and invested in areas that we consider strategic for our future, such as digital. The incorporation of the Mexican firm Sánchez Devanny (that is being integrated in 2025, ed.) consolidates our international expansion and makes us a firm of reference in the countries where we are present and, in particular, in Latin America”, said Fernando Vives, executive chairman of Garrigues, in the official press in the official press release.
Cuatrecasas occupies second place in the ranking, posting impressive double-digit growth. In Spain, the firm generated €343.5 million in revenue, up 10.9% from 2023. Global turnover reached €436.1 million, representing a year-on-year increase of 12.2%. Rafael Fontana, non-executive chairman of Cuatrecasas, attributes these results to the firm’s well-executed strategy: “We have grown in Spain, Portugal and Latin America, and we have increased our presence in high-impact sectors such as international arbitration, real estate, private equity, infrastructure, and energy. This success did not come about by chance. It is the result of a clearly defined strategic plan, placing the client at the centre of the organisation and being committed to talent, innovation, and knowledge”.
Uría Menéndez takes third place, closing 2024 with stable revenues of around €231 million, representing a slight year-on-year increase of 0.37%. The firm continues to stand out for its high profitability per partner, with estimated average turnover of €2.14 million per partner. Internationally, revenues reached €295.48 million, up from €290.74 million in 2023.
Together, Spain’s top three law firms generated around €993.65 million in revenues in 2024 within the Spanish market, representing 27.79% of the market share of the country’s top 50 firms, according to preliminary estimates from Iberian Lawyer. Adding to this figure the domestic revenues of Pérez-Llorca and Gómez-Acebo & Pombo, we can say that the five leading Spanish law firms generate a combined turnover of €1.22 billion in Spain, accounting for just over 34% of the total revenue generated by the country’s top 50 firms.
