EXCLUSIVE: Revenue of Top 80 Spanish law firms totals €2.7bn

The revenue of the top 80 law firms in Spain totalled more than €2.7 billion in 2018.

The vast majority of the top 80 firms experienced an increase in billing in the last year, with some leading firms attributing the growth, in part, to high-performing international practices in Latin America and substantial growth in their Portuguese offices.

Garrigues is the biggest firm in Spain by revenue, with billing totalling €364.6 million in 2018, a 2.1 per cent increase on the previous year. Meanwhile, billing at Cuatrecasas – the second biggest Spanish firm by revenue – went up 11.9 per cent to €277.4 million, with the firm’s offices outside Spain accounting for 12.3 per cent of the firm’s total billing. Meanwhile, revenue at Uría Menéndez increased 2.3 per cent to €240.7 million, with international work now accounting for 25 per cent of the firm’s revenue

There was extremely impressive growth at Pérez-Llorca – billing went up a massive 30 per cent to €52 million. One major piece of work for Pérez-Llorca saw the firm advising the bidders on the €32 billion takeover of Abertis. Meanwhile, Legálitas (with total revenue of €50.7 million), Ecija (€44.5 million) and RCD (€34.4 million) all experienced double-digit growth.

It was an outstanding year for Broseta, where revenue increased by almost 32 per cent to €21.5 million. In 2018, Broseta opened an office in Portugal via a merger with Lisbon firm Roquette, Morais e Guerra. There was also substantial increases in revenue at Toda & Nel-lo (where revenue went up by a third to €8 million) and Ceca Magán (where billing increased 34 per cent to €7.1 million).

It was not such a good year for Cremades & Calvo-Sotelo where revenue dropped 5 per cent to €15.9 million.

RANKING FIRM 2018 REVENUE (millions of Euros)
     
1 Garrigues 364,5
2 Cuatrecasas 277,4
3 Uría Menéndez 240,7
4 PwC Tax & Legal 155,8
5 Deloitte Legal 128,7
6 EY Abogados 123,6
7 KPMG Abogados 102
8 Baker Mckenzie 66,8
9 Linklaters 66,5
10 Clifford Chance 63,2
11 Gómez-Acebo & Pombo 62,01
12 Ejaso ETL Global 53,8
13 Pérez-Llorca 52
14 Legálitas 50,7
15 Auren 50,6
16 Ecija 44,5
17 Allen & Overy 43
18 Hogan Lovells 42,3
19 Herbert Smith Freehills 38,3
20 Roca Junyent 34,5
21 Rousaud Costas Durán RCD 34,4
22 DLA Piper 29,9
23 Ashurst 27,7
24 BDO Abogados 25,55
25 Rivero & Gustafson Abogados 25
26 Ramón & Cajal Abogados 24,2
27 CMS Albiñana & Suárez de Lezo 24,06
28 Ontier 23
29 Broseta Abogados 21,5
30 Andersen Tax & Legal 21,5
31 Bufete Barrilero y Asociados 20,9
32 Sagardoy Abogados 20,8
33 Lener 20,1
34 Martínez-Echevarría 17
35 Montero Aramburu 15,7
36 Grant Thornton 15,7
37 Elzaburu 15,3
38 Dentons 15,2
39 Crowe Legal y Tributario 13,8
40 Garrido Abogados 13,7
41 Mazars Tax & Legal 13,6
42 PKF Attest Legal y Fiscal 12,4
43 Eversheds Sutherland Nicea 12,2
44 Cremades & Calvo Sotelo 11,8
45 King & Wood Mallesons 11,3
46 Balder 11,1
47 Chávarri Abogados 10,8
48 Pedrosa Lagos 10,7
49 MA Abogados 9,3
50 Marimon Abogados 9
51 Filedfisher Jausas 9
52 Watson Farley & Williams 8,1
53 Rödl & Partner 8
54 Toda & Nel-lo 8
55 Ventura Garcés & López Ibor 7,9
56 Araoz & Rueda 7,5
57 Ceca Magán 7,1
58 AGM Abogados 7,3
59 CCS Abogados 7
60 Squire Patton Boggs 6,9
61 DA Lawyers 6,8
62 UHY Fay & Co. 6,5
63 Arpa Abogados Consultores 6
64 Senn Ferrero & Asociados 5,8
65 Grau & Angulo 5,8
66 JDA/SFAI 5,7
67 Bufete Escura 5,3
68 GVA Gómez-Villares & Atencia 5,3
69 Adarve 4,8
70 Manubens Abogados 4,7
71 Monereo Meyer Abogados 4,7
72 Abdón Pedrajas 4,7
73 Abril Abogados 4,5
74 Vaciero 4,4
75 De Andrés y Artiñano 3,7
76 DJV Abogados 3,6
77 Grupo Gispert 3,6
78 Carrillo Asesores 3,4
79 Confianz 3,3
80 HispaColex 3,2
81 Pinsent Masons 3
82 RLD 2,9
83 Net Craman Abogados 2,9
84 Briz Jurídico Tributario 2,8
85 Gaona Abogados BMyV 2,3
86 Iberia Abogados 2,2
87 Urraza, Mendieta & Asociados 2,2
88 Verdegay Abogados 2,1
89 Alas Legal Advisors 1,6
90 RBH Global 1,5
     
  TOTAL 2794,22
EXCLUSIVE: Revenue of Top 80 Spanish law firms totals €2.7bn

Ben Cook

iberianlawyer.com

Iberian Lawyer, is a monthly digital magazine, published by LC Publishing, available in Spanish and English. It represents the main source of information in the legal business sector in Spain and Portugal. The digital magazine – and its portal – address to the protagonists of law firms and in-house lawyers. The magazine is available for free on the website and on Google Play and App Store.

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