The Spanish legal market is currently experiencing a period of strong economic growth that began a few years ago. The robust economic environment has helped boost this process. In 2017 Spain had one of Europe’s fastest-growing economies. Home to one of the oldest legal markets in Europe, the country is a decentralized state, a fact that shapes the local legal market, which is dominated by five major firms with strong Spanish roots and significant international presence. Despite the dominant position of domestic practices, foreign law firms are quite active in the Spanish market. New legaltech business models have the potential to revolutionize the Iberian legal market. They pose significant challenges, yet provide a wealth of opportunities for both established and new firms.