Nine of Spain's ten biggest law firms increased revenue last year
Nine of Spain's ten biggest law firms by revenue increased their domestic billing in the last year, according to new data.
Garrigues, Spain’s largest law firm by revenue, increased its Spanish billing by 3.7 per cent to €328.8 million in 2019, while, domestic revenue at Cuatrecasas, Spain’s second biggest firm, jumped 12.1 per cent to €276.8 million.
Uría Menéndez’s Spanish revenue increased 5.4 per cent to €191.4 million, according to figures published by business newspaper Expansión.
Though many Spanish firms have foreign offices, all the figures apply solely to revenue generated in Spain.
The ‘Big Four’ all feature in the list of the top 10 Spanish law firms by revenue. Billing at PwC Tax and Legal Services, which was in fourth place, increased 2.6 per cent to €159.9 million, while revenue at fifth-placed EY Abogados climbed 9.3 per cent to €136.2 million. It means EY Abogados now generates more revenue than Deloitte Legal in Spain – Deloitte Legal’s billing dropped 0.5 per cent to €128.1 million, which meant it was placed sixth in the table.
KPMG Abogados is the seventh biggest law firm in Spain by revenue – in 2019, its billing increased 8 per cent to 110.8 million.
ETL Global is now the eighth biggest legal services firm in Spain by revenue, according to the data. In 2019, ETL Global’s billing grew a massive 33 per cent to €80.5 million.
Ninth-placed Baker McKenzie saw its revenue grow 4.3 per cent to €69.8 million, while Linklaters was in tenth position, with revenue growing 1.8 per cent to €67.8 million.
Other notable performers included twelfth-placed Pérez-Llorca, which saw its revenue increase nearly 19 per cent to €64 million in 2019. Meanwhile, Gómez-Acebo & Pombo, in thirteenth position, increased its Spanish revenue by 12.7 per cent to €62 million.
Spain's top 10 law firms by 2019 revenue (figures apply solely to revenue generated in Spain):
€191.4m Uría Menéndez
€159.9m PwC Tax & Legal Services
€136.2m EY Abogados
€128.1m Deloitte Legal
€110.8m KPMG Abogados
€80.5m ETL Global
€69.8m Baker McKenzie
The European Commission’s approval of the copyright directive in April threw more gas on the fire. In a few years, the internet has become – among other things – the main market fo...
The long-serving boss of Cobepa, Jean-Marie Laurent Josi talks about the business model of a Belgian investment firm that is trusted by major European families, one which marries t...
Since the last half of 2008, it is no longer possible to conceal the term ‘crisis’. New paradigms have become apparent and structural changes are predicted. Indeed mar...