Top ten law firms in Spain by 2020 revenue reveals a 1.55% growth despite the COVID-19

Pérez-Llorca replaces Clifford Chance in the 10th position with a growth of more than 7%

The national revenue of the top ten law firms in Spain in 2020 totalled €1.55 billion.

Pérez-Llorca, the second law firm that followed a more “aggressive” recruitment policy during 2020, after Martínez-Echevarría & Rivera Abogados, with a total of eight partners hirings, is precisely the one that showed more significant growth in percentual terms compared to 2019 within the top ten.

The Spanish “Big Three”; Garrigues, Cuatrecasas and Uría Menéndez keep their positions at the top of this podium in the same order as the last year. While Garrigues and Uría showed a growth of more than 2%, Cuatrecasas reported a slight decrease (-0.29%).

Following the top triad, the Big Four follow, also in the same order as the previous year. While PwC T&L and EY Abogados increased, (in the case of the latter 5.87%), Deloitte Legal and KPMG Abogados decreased 2.26% and 3.79%, respectively.

It was also a good year for Baker McKenzie, which is ranked eighth with a positive variation of 4.87%. As estimated by Iberian Lawyer, Magic Circle’s Linklaters increased over 4%, reaching €70.6 million in 2020.

With a surprising 7% annual revenue growth, jumping to the tenth position and replacing Clifford Chance, Pérez-Llorca gets into the top ten as the main revelation of this year.

Iberian Lawyer will offer the rest of the Spanish Legal market top leading law firms 2020 revenues in its May issue, which will also be thoroughly analysed and commented on by the law firms´ head lawyers.