Abreu Advogados
Abreu Advogados is a leading independent law firm headquartered in Lisbon. Established in 1993, the firm has significantly expanded over the years. It is a member of several international associations and maintains strong ties with a number of large international law firms. The team is led by managing partner Inês Sequeira Mendes. Abreu Advogados has particular strength in banking, M&A, and project development and finance work.
Highlights
The firm advised the French Development Agency on its $647 million financing for Hidroeléctrica de Cahora Bassa. In debt capital markets, the firm advised Celulose Beira Industrial on its $167 million debt note issuance listed on Euronext Access. The firm also advised Time Out Group on its $51.7 million corporate bond issuance.
Testimonials
2025
“They advised us on a complex regulatory matter related to the issuance of a service payment. Their advice was timely and clear and they were always available.” – Financial services regulatory
“Professionalism, competence and seriousness. The work and services provided are excellent.” – M&A
“Abreu advised us on share deals and company restructuring. It is an excellent team with strong delivery capacity, high availability, and constant feedback.” – M&A
“Each of the senior team members is knowledgeable, attentive, and available, bringing practical expertise and insights in their respective areas. Team resources are allocated as required, considering the importance, workload, and complexity of the matters at stake.” – Restructuring & insolvency
“Whenever a matter requires input from different areas of expertise, the teams coordinate seamlessly to provide combined, tailored advice.” – Restructuring & insolvency
“Diogo Pereira Duarte provides quick responses and in-depth analysis. We are satisfied with the services provided, particularly Diogo’s responsiveness and availability.” – Financial services regulatory
“Manuel Santos Vitor does everything well. I am fully satisfied with the work and service provided.” -M&A
“Senior partner Manuel Santos Vitor is extremely knowledgeable in Corporate & M&A and has a broad knowledge of law, which he applies in contractual structures to provide more practical approaches. He generally coordinates input from the different Abreu teams and is highly experienced in renewable energy project matters and the industry. With extensive experience and strong market contacts, Manuel consistently demonstrates his background and value, bringing new solutions to the negotiation table and bridging gaps with counterparties and their lawyers.” – Restructuring & insolvency
“Manuel Santos Vitor is well known and appreciated in the Portuguese legal landscape, where exchanges with lawyers from other firms are always respectful, helping to resolve discussions and issues more efficiently by applying reasonableness.” – Restructuring & insolvency
“Luis Varona is an expert in his field. I am totally satisfied with Luis.” – M&A
“Patrícia Viana delivers high-quality work, with deep commitment to clients and strong knowledge of the subjects she handles.” – M&A
“António Pina has incomparable knowledge of the law and the market, a huge capacity for work, and strong commitment to delivering quality.” – M&A
2024
"Abreu provides a very good service, focusing in defending our interests. They always provide a prompt and efficient response to our requests. They are very solid from a technical standpoint." (Banking)
"Expertise and knowledge on Portuguese law." (Financial services regulatory)
"High level of expertise and professionalism and the achieve results." (Insolvency)
"They are available, knowledgeable, reliable hands-on and team members are experts in their areas of practice. The Abreu team always aims at meeting client demands and timelines." (M&A)
"Abreu team is very skilled in this matter, straight to the point with a very honest and pragmatical approach. Focus on client and goal oriented."
"The firm is a very client oriented, which understanding and adapting to our needs to be able to successfully cross the bridge between the legal language and the management / engineer language and requests." (Project Development - Energy)
Azeredo Perdigão & Associados
Azeredo Perdigão & Associados
is a Portuguese corporate law firm established in 1919, with its office in Lisbon. The firm has specialised expertise in both domestic and cross-border transactions. The team is led by managing partner Miguel de Azeredo Perdigão and supported by other prominent legal practitioners. The firm has a particular focus on restructuring and insolvency matters and also advises on M&A deals, primarily for clients in the retail sector.
The firm advised TECNIFAR – Indústria Técnica Farmacêutica on the special revitalisation process of its debtor UDIFAR II – Distribuição Farmacêutica.
It advised Haleon Portugal on debt recovery proceedings and special revitalisation processes concerning all of its debtors in Portugal.
The firm also advised SICASAL – Indústria e Comércio de Carnes on debt recovery proceedings and special revitalisation processes involving all of its debtors in Portugal.
"Objectivity and assertiveness in response and resolution.” -
Banking and finance
“Quality of work, flexibility, and good communication.” - M&A
“We’ve worked together for a long time, so there is great trust in their technical capabilities and their knowledge of our specific business. The flow of interactions is always smooth and
time-efficient.” -M&A
“Miguel Azeredo Perdigão – Objectivity in analysing problems.” -
Banking and finance
“Pedro Correia – Very agile in his responses. He is also at a high level; I would say maintain this standard.”
-
Banking and finance
Costa Pinto
Costa Pinto Advogados
is an independent Portuguese law firm based in Lisbon. The firm was established in April 2013 by José Costa Pinto, the founding partner, and is supported by notable legal practitioners such as partner Ana da Ponte Lopes. The firm is committed to providing clear, practical, and creative legal solutions tailored to its clients’ needs. Costa Pinto Advogados has a particular focus on M&A, advising clients primarily on the acquisition and sale of shares.
Highlights
In M&A, the firm has worked on mergers, financial investments, joint ventures, asset acquisitions, private acquisitions, and real estate transactions, particularly for clients in the banking and real estate sectors, among others.
Testimonials
2025
“They
demonstrate strong knowledge of legislation, maintain a very close relationship with the client, and offer practical solutions. One area for improvement would be to expand their services.” - M&A
“José
Costa Pinto offers personalised solutions tailored to each client and their specific challenges.” - M&A
2024
"Providing solutions to unblock situations." (M&A Client)
"Organization, availability and experience." (Restructuring Client)
Garrigues
Garrigues
is an international law firm headquartered in Madrid. Founded in 1941, the firm has offices in 13 countries across Africa, the Americas, Asia, and Europe. Garrigues established its presence in Portugal in 2005 with the opening of its Lisbon office, followed by the Oporto office in 2006. The Portugal team is led by managing partner João Miranda and has a strong focus on business law, advising on some of the most complex and significant deals in the country.
Highlights
The firm acted as Portuguese counsel to TagEnergy on its €570 million green bond for its renewables and storage pipeline.
It advised Bankinter on a €25 million facility provided to Prosolia Group for the financing of two solar photovoltaic plants in Portugal.
In M&A, the firm advised Iberdrola Clientes on the creation of joint ventures with BP to install, operate, and
maintain a public network of up to 11,000 high-power electric vehicle charging points in Spain and Portugal.
Testimonials
2025
“We jointly advised a seller on its asset disposal. The team demonstrated knowledge, commitment, availability, and creativity. It has been an excellent experience working with them over the years.” - M&A
“Marta Rodrigues is extremely knowledgeable, with strong commitment, excellent interaction, and high accessibility.” - M&A
2024
"Professionalism." (Banking client)
"Extensive experience on M&A transaction." (M&A client)
"Outstanding professionals." (Private equity client)
Gómez-Acebo & Pombo
Gómez-Acebo & Pombo
is a Madrid-headquartered international law firm founded in 1971. The firm has eight offices across Africa, the Americas, Asia, and Europe. Its presence in Portugal dates back to 2010, with the establishment of its Lisbon office. The Portugal deal team is led by managing partner Mafalda Barreto and supported by experienced lawyers. The firm has a particular focus on project development transactions and is also very active in project finance, restructuring and insolvency, and M&A.
Highlights
The firm advised Stoneshield on its acquisition of all the shares in Studenthouse Rua Manuel Pereira from Nuveen.
The firm also advised Regenerate European Sustainable Agriculture Fund in respect of its €40 million acquisition of a blueberry business in Central and Southern Portugal – newly launched as Regen Blue.
In projects the firm advised
Acciona Construcción regarding the construction of the new Alentejo Central Hospital.
“They helped us with
regulatory queries. The team is very hands-on and truly understands our business as well as our operational particularities. They are accessible and ask the right questions to understand our concerns and how they can help, without overstepping. Filipe Santos Barata is very knowledgeable and practical. We are very happy with their work.”
-
Banking and finance
“Support on contractual and legal management of construction contracts. The advice provided is clear, and the responses are rapid.” -
Project development
“Gómez-Acebo & Pombo advised
Globalvia on the bidding process for the Douro Litoral highway in Portugal, providing support in M&A and public infrastructure law.” - M&A
“Their work was solid and reliable. The team was attentive, responsive, and demonstrated strong availability and expertise. They showed a deep understanding of the infrastructure sector. We particularly appreciated the close involvement and leadership of Mafalda Barreto, as well as the valuable support from Ana Luísa Guimarães.” - M&A
Filipe Santos Barata is very accessible and hands-on. We are
very happy with his work.”
-Banking and finance
Ricardo Campos is praised for the advice he provides.
-Project development
“Mafalda Barreto demonstrates strong leadership and takes clear ownership of the matters she handles. She stays closely involved, is consistently responsive, and knows when to bring in the right specialists from her team. She combines excellent legal expertise with a deep understanding of the market and key industry players. Her approach is always professional and approachable, making collaboration both effective and pleasant. There is nothing to improve—her work has been consistently strong.” - M&A
“Ana Luísa Guimarães has a very solid command of public and administrative law. Her arguments are always well reasoned and thoroughly prepared,
working with her often feels like attending a masterclass. She is always available when needed and provides valuable insight throughout the process. There is nothing to improve,
her support has been consistently strong.” -
M&A
Macedo Vitorino
Macedo Vitorino is a leading Portuguese business law firm based in Lisbon. Founded in 1996 by João Vitorino, the firm is led by managing partner António Vitorino and supported by notable legal professionals, including partners André Dias and Susana Vieira. The firm has a particularly strong practice in project finance and is also highly active in banking as well as debt and equity capital markets.
Highlights
The firm advised Solarpack on its acquisition of a greenfield solar project with approximately 200 MW of installed capacity from Solvasto, Carbofylt, Eco Veredicto, and Fadajasmin, as well as on entering into a Development Services Agreement with the sellers for the project’s continued development.
In projects, the firm advised
Sonnedix on a major financing for the construction of several solar parks.
Testimonials
2025
“Their depth of detail, turnaround speed, articulate communication, high English proficiency, and overall professional and pleasant service stand out.” -Project development:
- Energy
“João Vitorino analyses the market and its main stakeholders through a commercial, legal, and political prism.” - Project development: Energy
“Frederico Vidigal is very responsive, quick, and accessible, providing elaborate analysis and extensive reporting.” - Project development: Energy
2024
"They are responsible, technically excellent and understand cross-border financing. They also have deep experience in the renewable energy sector. They are easy to work with and responsive." (Project finance client)
Morais Leitão
Morais Leitão is a leading Portuguese law firm headquartered in Lisbon. The firm’s history dates back to 1992, when António Pinto Leite founded J. Galvão Teles, Bleck, Pinto Leite, which later became part of the inception of the current firm. Morais Leitão operates internationally through the Morais Leitão Legal Circle, a network of associated law firms. The firm has market-leading capabilities in Portugal, achieving top-tier rankings across all ranked practice areas.
Highlights
The firm advised ING Bank and
novobanco on the €80.1 million real estate acquisition finance provided to an LCN SPV for the acquisition of a portfolio of almost 50 supermarkets and subsequent partial syndication of the credit to novobanco.
The firm notably advised EDP - Energias de Portugal and
SU ELETRICIDADE on securitisation of the tariff deficit for 2024 and the non-recourse sale of the tariff deficit for a total amount of €1.1 billion.
Testimonials
2025
“Morais Leitão advised us on a complex refinancing operation involving both a syndicated loan and a bond issue. Their assistance covered the full legal structuring of the transaction, the negotiation and drafting of finance documents, regulatory and listing requirements, and coordination with multiple stakeholders, including banks, bondholders, and regulators. The transaction required a deep understanding of both banking and capital markets law, as well as the tight orchestration of multiple workstreams.” -Capital markets: Structured finance and securitization
“Morais Leitão demonstrated exceptional technical expertise in banking and finance law, combined with a strong understanding of the practical and commercial dimensions of the transaction. The team is highly experienced in structuring sophisticated financing arrangements and provided clear, solution-oriented advice throughout. We particularly valued their ability to manage complexity under tight timelines and their constructive, hands-on approach when dealing with counterparties. Their reputation and credibility in the market also contributed positively to the process.” -Capital markets: Structured finance and securitization
“They have a holistic view of the three areas I mentioned, with very dedicated and extremely talented professionals.” -Restructuring and insolvency
“Knowledge, performance, and availability — they are great.” -M&A
“Availability, experience, a multidisciplinary team, and strong knowledge.” -M&A
“I value Morais Leitão’s extensive expertise, which consistently translates into practical and strategic advice. Their proactiveness stands out, as the team anticipates issues and often presents solutions before problems fully emerge. They are highly responsive, collaborative, and efficient, demonstrating a clear commitment to the client. By combining a strong track record with technical precision and a business-oriented mindset, they are a valuable partner for high-stakes and cross-border matters.” -Project finance
“Filipa Morais Alçada is an exceptionally skilled lawyer with deep expertise and a highly practical approach to negotiations. She adds significant value to large, complex deals requiring close coordination across multiple law firms and jurisdictions.” -Project finance
“Filipe Lowndes Marques has a strong business mindset and an exceptional ability to understand the client’s strategic objectives and risk profile. He ensures these are effectively reflected and safeguarded in contractual arrangements.” -Project finance
“Gonçalo Fleming understands our needs well and finds appropriate solutions.” -Restructuring and insolvency
“Maria Soares do Lago knows the client and the industry sector very well, and therefore always presents solutions aligned with the client’s main needs.” -Capital markets: Structured finance and securitization
“Eduardo Paulino understands client needs and meets deadlines accordingly. He is great. He combines knowledge, experience, availability, and responsiveness.” -M&A
PLMJ
PLMJ is a leading independent law firm headquartered in Lisbon and established in 1967. It is the largest and one of the most senior law firms in Portugal, with over 270 lawyers. The firm’s deal team is led by managing partner Bruno Ferreira, who is highly regarded in the market, and supported by well-seasoned legal professionals. PLMJ also has offices in Porto and Faro. The firm has a well-rounded practice in Portugal, achieving top-tier rankings across all relevant practice areas.
Highlights
The firm advised LCN Partners on the
€80.1 million secured financing provided by ING Bank for the acquisition of €150 million services portfolio (50 supermarkets) sold by Trei Real Estate.
In debt capital markets, the firm advised
REN on the issuance of its €5 billion Euro Medium Term Note Programme.
The firm advised Montepio Group on the carve-out of the entire banking activity of Banco Empresas Montepio to Caixa Económica Montepio Geral for a net asset value of about €180 million.
Raposo Bernardo
Raposo Bernardo & Associados is a Portuguese law firm located in Lisbon. The firm was founded in 1995 and has expanded to have affiliated offices in eight countries in Europe and Lusophone Africa. The deal team is being led by managing partner Nelson Raposo Bernardo, who is highly regarded in the market, and supported by well-seasoned legal practitioners such as Ana Cláudia Rangel. The firm has a particular strength in project development work and has a focus on project finance and restructuring deals.
Highlights
The firm advised on a $225 million financing package to a group of three integrated electric power stations.
The firm also advised on a $140 million loan facility for financing a multiuse park construction project integrating a commercial, industrial and office areas.
In M&A the firm advised on the $175 million acquisition.
“Raposo Bernardo
assisted
us in financing structuring and in preparing all banking contracts related to wind park projects, which involved months of complex negotiations with numerous back-and-forths due to changes during the take-off period, as well as with the associated parties and operational costs. This was not an easy task, but we were glad to have Raposo Bernardo on our side, supporting us with different financing solutions, adapting to the specific needs of these projects, and opening in-depth discussions on the best financing options while also taking into consideration the interests of all parties involved.”
– Banking
& finance
“Raposo Bernardo’s services and offerings are the best demonstration of its demanding standards as
an excellent law firm with a highly qualified team. They provide high-quality services, outstanding legal advice, and are very professional.
The firm has a technically strong team with great depth and breadth across its members, always resolving situations with a high degree of technical precision and leaving nothing to chance. In my opinion, it is in the details that their professional quality is most evident and stands out.
– Banking & finance
“Nelson Raposo Bernardo, who heads the Banking area, is an extremely well-known lawyer. I already knew his name before we started working with Raposo Bernardo, but when I met him on a day-to-day basis, he exceeded all my highest expectations and made me one of his unconditional admirers. For me, he is the best Portuguese lawyer in Banking and Finance, and I have witnessed this many times over the last year.
“Júlio Martins Júnior has an exceptional capacity to perform at the highest level; he is a lawyer who cares deeply about the perfection of the work he delivers. From our experience working with him, we have seen that he is highly insightful and astute, always finding the best solution for our most complex transactions and operations. He is very accessible and experienced, giving us great confidence by providing pragmatic and accurate advice on capital markets matters of high complexity and scale.”
-Capital markets: Debt
“Cláudia Rangel is a lawyer of immense quality, combining high-level technical and interpersonal skills. She stands out as an extraordinary professional whose vast experience
and know-how position her as a highly respected leader. I would also emphasise the closeness she naturally builds with our teams, which I believe is one of the most important pillars of her personality as a lawyer.
Sérvulo & Associados
Servulo & Associados
is a leading Portuguese law firm founded in 1999 by José Manuel Sérvulo Correia. The firm is based in Lisbon and has more than 25 years of experience in Portugal, with over 100 highly skilled lawyers. Its deal team consists of Portuguese-qualified practitioners with expertise in advising both domestic and international clients across diverse areas of law. The firm has particular strength in banking, capital markets, project development and finance, and restructuring and insolvency.
Highlights
The firm advised Caixa Económica Montepio Geral on its financing for the acquisition and refurbishment of a hotel in Lisbon.
The firm also advised
Banco Comercial Português on its €30 million financing for the decontamination of soil with EMGI Group.
In M&A, the firm advised QUIBUS on its 100% acquisition of Lusofiltros Filtros e Acessorios Para Veiculos Lda.
Testimonials
2025
“Sérvulo’s team has decades of experience and consistently demonstrates its value in applying and advising on public law and regulatory issues, providing practical advice and strategic assessment. - Restructuring and insolvency
“They provided legal assistance in the context of M&A transactions. The team is praised for its accessibility, competitive pricing, quality of work, and speed of response. We encourage them to continue the good work.” - M&A
“Availability, dedication, and professionalism.” - PPP/PFI
“Sérvulo & Associados provided legal support for the incorporation of my software company. Their team is amazing—their attention to detail and depth of knowledge were true differentiators.” - Project development
Mark Kirkby is particularly to be praised. - Restructuring and insolvency
“Paulo Câmara is amazing. His depth of knowledge, attention to detail, and advisory skills in finding the best approach to problems truly stand out.” - Project development
Francisca Costa is praised for her availability and professionalism. - PPP/PFI
2024
"Availability and expertise." (Banking Client)
"Close relationship with the client, business-oriented approach, professionalism, open-minded and problem-solving approach, availability, competitive fees ..." (M&A Client)
"Quick to reply, available, technically sure, pragmatic solutions, and seeking to keep to clients' requests within legal boundaries." (Private equity Client)
"They are very experienced and knowledgeable on the above matters with a lot of actual practice in public laws and renewables sector, which provides comfort within the development and structuring of project rights and clarity in the identification of investment risks. Sérvulo is also in contact with main electricity sector entities and players which is quite helpful in establishing market practices and project necessities." (Project Development Client)
"Expertise in several areas of support. Very supportive team with a good client relationship." (Restructuring Client)
SRS Legal
SRS Legal is a leading Portuguese law firm founded in 1992 by
Pedro Rebelo de Sousa. The firm has three offices in Lisbon, Porto and Funchal. The firm has a global network in Angola, Brazil, Macau, Malta, Mozambique and Singapore. The deal team is being led by managing partner César Sá Esteves and supported by prominent legal practitioners. The firm has a particularly strong practice in debt and equity capital markets but are also very active in banking, M&A and project finance.
Highlights
The firm advised the shareholders of Eurobic on the sale of 57.5 per cent of the bank's share capital to Abanca.
The firm advised Caixa Geral de Depósitos on the €35.5 million syndicated loan provided to a Portuguese hotel group operating in Cape Verde.
In M&A the firm advised
Oxy Capital in the Iberian merger of two property management businesses invested by Oxy Capital in Portugal and Spain.
Testimonials
2025
“The responsiveness and proactive approach were very much appreciated. It is a business-oriented, highly professional team, with partners involved in the matters throughout the transaction.” -Banking and finance
“We have a long-established relationship with the firm. They are always very accessible and responsive and have consistently demonstrated an ability to innovate.” -Capital markets: Debt
“The SRS Legal team, particularly the mid-level and senior lawyers, is attentive, available, and demonstrates strong business acumen to accommodate clients’ specific needs and requests.” -Financial services
regulatory“
"They supported us in insolvency processes regarding my company and other group companies,
demonstrating strong knowledge and presenting effective solutions.”-Insolvency and restructuring
“They have deep knowledge of the subject, strong availability, the ability to understand client needs, and great speed in execution.” -Investment funds
“The team members involved demonstrated great availability and know-how. They provided outstanding service, and there is nothing more I could ask for.” -Leveraged finance
“Beyond due diligence, SRS Legal was instrumental in drafting, negotiating, and finalizing the contractual framework for the transaction. This included preparing and reviewing investment agreements, shareholder arrangements, and ancillary contracts tailored to the specific
needs and structures of the various companies within the conglomerate. Our collaboration with SRS Legal exemplified a thorough, multidisciplinary approach, combining legal expertise with strategic investment analysis to successfully execute a complex private equity deal involving multiple entities.
SRS Legal is a leading private equity law firm in Portugal, and we value the team’s expertise in this area across multiple transaction structures and sectors.” -Private equity
“António Pape
demonstrates transparency, availability, proactivity, and strong business acumen. He
has the ability to meet deadlines and provide creative, innovative solutions, with less theoretical and abstract analysis.” -Financial services regulatory
“João Santos Carvalho is praised for his strong communication skills.” -Investment funds
“Bernardo Castro Caldas has very strong technical knowledge in litigation.”-Insolvency and restructuring
“Tiago Coder Meira defines a strategy consistent with the client’s interests and the likelihood of success.”-Insolvency and restructuring
“Paulo Bandeira and his team are problem-solvers with a solution-focused approach. They are market leaders, well known for their work with startups and funds in funding rounds.”
-Private equity
“Gustavo Ordonhas de Oliveira is our main private equity partner at SRS (...) he leads a group of highly qualified and dedicated professionals known for their availability, responsiveness, and commitment to excellence. This combination of experience, insight, and effective team management ensures clients receive comprehensive, top-tier legal support at every stage of the investment process.”
-Private equity
“A smart, commercial, and responsive team, with excellent responses and availability. Particular praise goes to
João Santos Carvalho.” -Banking and finance
“João Santos Carvalho is very accessible, a good listener, and always offers solutions while adapting to the client’s needs.” -Banking and finance
“José Jácome is excellent in court and very helpful in managing and motivating other lawyers at SRS to work with us.” -Private equity
“Paulo Bandeira and his team are problem-solvers with a solution-focused approach, particularly in helping to define all the conditions necessary to reach our objectives, whether business goals or fundraising.” -Private equity
“Tiago Coder Meira always returns calls, never misses a deadline, and is patient with our feedback.”
-Private equity
2024
"I believe that the SRS team provides high quality advice and maintains great proximity to the Client." (Banking Client)
"Very pragmatic and responsive. (M&A Client)
"The team has high availability and expertise at all levels with partners readily involved in day-to-day discussions."
(Private equity client)
Uría Menéndez
Uría Menéndez is an international law firm headquartered in Madrid. The firm opened its Lisbon office in 2001 and, in 2010, merged with Proença de Carvalho & Associados to become Uría Menéndez – Proença de Carvalho. The Portugal deal team is led by managing partner Bernardo Diniz de Ayala, who is highly regarded in the market. The firm has a well-rounded practice in Portugal, achieving top-tier rankings across all major practice areas.
Highlights
The firm advised Hermes Investment Management, as bondholder, on a €20 million bond issue by Elegant Family Hotels Cascais to refinance the company’s debt.
It advised Bankinter Consumer Finance on its €600 million joint venture with Sonae to create the first consumer-credit institution in Portugal.
The firm advised Artá Capital on its €70 million acquisition of a 100% stake in Ferreira de Sá Group from Sherpa Capital.
Testimonials
2025
“They demonstrated in-depth knowledge of legislation and related business issues regarding restructuring, as well as speed and quality in their work.” -Restructuring and insolvency “A great team, covering several expert areas, spanning from M&A and corporate law to environmental matters.” -M&A
“They provided legal and regulatory assessment regarding the company’s activities in developing energy supply businesses, biomethane projects, and related areas.” -Project development
“Uría is assisting us in a PPP bid. The team demonstrates high technical expertise and strong sector knowledge.” -PPP/PFI
“They provided legal assessment and support on partnership programs, delivering risk-conscious advice and maintaining a strong client relationship.” -Banking and finance
Catarina Tavares Loureiro focuses on M&A and corporate law and is overall responsible for the Portuguese team and client relationship. Catarina did a great job. Same comment as for João: in general, we are very happy with her services and performance.” -M&A
“David Diniz has in-depth knowledge and the capacity to bridge business issues with regulatory and legal constraints.” -Restructuring and insolvency
“Domingos Salgado was phenomenal throughout the transaction, providing highly responsive and technically sound advice in a complex M&A context. There were several different interests that had to be reconciled, and his ability to balance legal rigour with a pragmatic and commercial mindset ensured the deal was completed. Domingos consistently demonstrated strong judgment, adaptability, and client focus.” -M&A
“João Louro e Costa advises on environmental law. In general, we are very happy with his advice and services. Portuguese counsel in general tend to respond in lengthy memos or emails, so if there were any improvement to suggest, it would be to be more to the point.” -M&A
“João Louro E Costa’s profound knowledge of energy regulation and pragmatic approach to legal challenges stand out.” -Project development
“Helder Frias communicates in an easy and clear manner, understands our business and needs, and effectively builds bridges with colleagues in other jurisdictions.” -Banking and finance
“Gonçalo Andrade e Sousa is very knowledgeable and available.” -PPP/PFI
“Mariana Viana Pedreira has very deep technical knowledge.” -PPP/PFI
“Francisco Menezes is a very sharp litigation lawyer.” -PPP/PFI
“Pedro Melo is a very complete lawyer and is always available.” -PPP/PFI
“Maria Zagallo combines very high technical knowledge with deep sector expertise.” -PPP/PFI
2024
"Very reactive and with very high technical knowledge." (M&A Client)
"Knowledge and availability." (Private equity Client)
"They are a very complete team and always available." (Project development Client)
VdA Vieira de Almeida
VdA Vieria De Almeida & Associados is a leading Portuguese law firm based in Lisbon. Established in 1976, the firm operates through VdA Legal Partners, a network of lawyers and independent law firms associated with Vieira de Almeida. The deal team is composed of Portuguese-qualified lawyers, most notably managing partner Paula Gomes Freire and senior partner João Vieira de Almeida. VdA is a market leader, achieving top-tier rankings across all ranked practice areas in Portugal.
Highlights
The firm advised Menzies Aviation on its $32 million
acquisition of a majority stake (50.1%) in the share capital of SPdH – Serviços Portugueses de Handling.
The firm also advised Semapa on its 100% acquisition of the share capital of Triangle.
In debt capital market the firm advised
Greenvolt – Energias Renováveis on the issue and subscription of €200,000,000 Senior Unsecured Conditionally Convertible Bonds due 2030 by KKR.
Testimonials
2025
“The team combines availability and knowledge of both the market and the specifics of each project, which helps us decide more easily the path to follow, while also advising on the impacts of different options. They are problem-solvers who anticipate potential issues, enabling clients to address challenges in advance.” -Banking
“Experienced professionals with a very cooperative approach.” -Capital markets: Debt
“The quality of their work is excellent — usually no need for more than two or three review exchanges. Their availability is outstanding, often replying in less than two hours. Their legal advice is practical, with the ability to provide alternatives and find solutions to new issues.” -M&A
“Assunção Cristas is a sustainability specialist and very approachable.” -Capital markets: Debt
“José Martins is an expert in the capital markets and has a strong understanding of different jurisdictions. He seeks solutions that are well aligned with market characteristics.” -Capital markets: Debt
“Sebastião Nogueira is responsive and a problem-solver, with deep knowledge of the industry and sector.” -Banking
“The team that assisted us —
José Pedro Fazenda, partner, and Francisca Cesar Machado, associate — are innovative in their solutions, client-oriented, always available, and knowledgeable about how the capital markets, banks, and regulatory institutions operate, which makes the execution of matters much smoother.” -Capital markets: Equity
“José Pedro Fazenda Martins has in-depth knowledge of law, capital markets, and regulatory institutions. He is always available and provides innovative solutions aligned with clients’ interests and needs.” -Capital markets: Equity
“Francisca Cesar Machado is very organized, with deep knowledge of capital markets and regulatory institutions and how they operate. She demonstrates great communication skills and strong availability.” -Capital markets: Equity
“Joana Leal is highly available and has strong legal knowledge in corporate law.” -M&A
ANDERSEN
Andersen is the Portuguese presence of the international law firm of the same name. They have offices in Lisbon and Porto.
Focusses / specialisms
The firm has a particular focus on M&A work.
Client Feedback: 32nd edition (2022/2023)
Asset finance
"Experienced, efficient and speedy."
Financial services regulatory
"Andersen, was very efficient, clear, transparent, and straightforward, answering our needs and clarifying our doubts very detailed. They also added potential alternative paths that might fulfil our needs. Their ability to point out a particular direction that could open new business opportunities was very appreciated."
"(i) Extensive knowledge of the topic at hand, (ii) efficient approach to the topic and (iii) proactive to provide alternatives and/or solutions for unforeseen restrictions."
Antas da Cunha Ecija & Associados
Antas da Cunha Ecija & Associados is a Portuguese law firm incorporated in 2015. The firm is led by Fernando Antas da Cunha and has three offices located in Lisbon, Oporto and Braga.
Focusses / specialisms
The firm is active in M&A work.
Key clients
Key clients of the firm include SOAFRA, Zomeit and Capitais Privados.
CCA Law Firm
CCA Law Firm is a Portuguese law firm established in 1949. The firm is led by managing partner Domingos Cruz and is based in Lisbon and Oporto.
Focusses / specialisms
The firm has a focus on M&A work.
CCSL Advogados
CCSL Advogados is a boutique law firm based in Lisbon.
Focusses / specialisms
The firm has a focus on M&A.
Client Feedback: 31st edition (2020/2021)
Banking and finance
"Very good. Very insightful. Mafalda is great. I trust them a lot."
"The service is very good, in terms of quality, attention and time."
M&A
"CCSL has a tier 1 service and a very experienced team. Having worked with bigger and older law firms in Portugal, I can confirm that CCSL is definitely a leading firm in M&A and corporate law. The permanent availability and the continuous solutions presented to us is a unique and positive attribute."
"Extremely knowledgeable and 'no stone unturned' to find a solution."
"Know well the procedures and the legislation. It's always available. "
"Super-available at very short notice, hands-on and innovative solutions, looking for different solutions for the problems we faced."
"They are very flexible and aligned with the client's interest."
CMS Portugal
CMS Rui Pena & Arnaut is a Portuguese law firm was established in 2002 from a firm which had been working since 1964. The firm is led by managing partner Jose Luis Arnaut and has offices in Lisbon and Funchal.
Focusses / specialisms
The firm has a focus on M&A and restructuring and insolvency.
Key clients
Key clients of the firm include Caixa Económica Montepio Geral, Chamartín Group, Discovery Real Estate Fund, Explorer Investments, Iberis Capital, JP Morgan Securities, Aquila Capital, VINCI Energies, UBS and Lightsource BP.
Client Feedback: 32nd edition (2022/2023)
Banking
"CMS are incredible proactive and responsive in their advice. They are also easy to work with and give us practical advice, both quickly and for great value."
Capital markets
"Reliable. Efficient. Adaptable. They have a strong and deep knowledge of capital markets transactions' structures and workflows."
Cruz Roque Semião & Associados
Cruz Roque Semião & Associados, branded as CRS Advogados, is a Portuguese law firm established in 2015. The firm has one office in Lisbon.
The firm has a focus on restructuring and insolvency.
Cuatrecasas
Cuatrecasas is a law firm which has its Portuguese origins in the Lisbon law offices that Armando Gonçalves Pereira founded in 1928. Since 1989, the firm has also had an office in Porto.
Focusses / specialisms
The firm has a focus on banking, debt and equity capital markets, M&A, project development and restructuring and insolvency.
Key clients
In banking, key clients of the firm include Novo Banco, JPMorgan, Morgan Stanley, Deutsche Bank, Bank of America Merrill Lynch, Natixis, BNP, BBVA, Nordic and CaixaBank.
In capital markets, key clients of the firm include Bank of America Merrill Lynch, Deutsch Bank, Iberwind Group, Servdebt, IFD, Grupo Pestana and DBRS.
In M&A and private equity, key clients of the firm include Bosch, DHL, Aroundtown, Truventuro, EKZ Renewables, MSC, JD Sports, Reden Solar and Orpea.
In projects, key clients of the firm include DP World, Cross Ocean Partners, Auto-Estradas do Atlântico, Iridium Concesiones de Infraestructuras, InfraRed Capital Partners, PTRW - Portugal Renewable Energy (Iberwind Group), Cintra, Strongeagle Mozambique Fund, Go Porto, Engie and Ventient Energy.
Client Feedback: 32nd edition (2022/2023)
Banking
"Clear do's and don'ts, timely delivered."
Banking and finance
"Quick grasp of the Client's needs and flexibility to adapt to them."
DLA Piper ABBC
DLA Piper ABBC is a Portuguese law firm founded in 1982 and which since March 2017 is part of DLA Piper, with which it had already maintained close ties since 2010. The firm has one office in Lisbon. DLA Piper is a global law firm established in 2005 with lawyers located in more than 40 countries throughout the Americas, Europe, the Middle East, Africa and Asia Pacific.
Focusses / specialisms
The firm has a focus on M&A work but is also very active in banking.
Key clients
Key clients of the firm include Tikehau Investment Management, European Energy Efficiency Fund, Investec, Maya Capital, BBVA, Novo Banco, Lone Star Funds, Edyn Group, Deutsche Bank and Greenvolt.
Client Feedback: 32nd edition (2022/2023)
M&A
"DLA is very committed to the transaction and are involved in all the different aspects of the transaction, having a complete overview not only of the legal side but also on the economics."
"Very responsible, deep knowledge, high capacity to look for solutions."
Enes | Cabral
Enes Almeida Cabral & Associados is a Portuguese business law firm established in 2021. The firm is led by founding partners Pedro de Almeida Cabral and Susana Enes and is based in Lisbon.
Focusses / specialisms
The firm has a focus on M&A.
Ferreira Pinto Cardigos
Ferreira Pinto Cardigos
is a boutique Portuguese law firm based in Lisbon.
Focusses / specialisms
The firm has a focus on banking and debt and equity capital markets. They are also active in M&A and restructuring and insolvency.
Key clients
Key clients of the firm include Intrum, Beazley Group, BNP Paribas, Deutsche Bank, JP Morgan, HSBC, Barclays and DST Group.
Linklaters
Linklaters is the Portuguese presence of the international law firm of the same name based in Lisbon. Linklaters is an international law firm with 515 partners in 21 countries and led by firm-wide managing partner Paul Lewis.
Focusses / specialisms
The firm has a strong practice in banking, debt and equity capital markets, M&A, project finance and restructuring and insolvency achieving top tier status for Portugal for all these categories.
Key clients
In banking key clients of the firm include Novo Banco, Morgan Stanley, Nomura, BNP Paribas Personal Finance, ECS - Sociedade de Capital de Risco, Oitante, Banco Comercial Português and King Street Capital Management.
In capital markets key clients of the firm include China Three Gorges Europe, Novo Banco, Semapa - Sociedade de Investimento e Gestão, REN - Redes Energéticas Nacionais, Fosun International, Luz Saúde, Morgan Stanley, BNP Paribas Personal Finance, Credit Suisse and Oitante.
In M&A key clients of the firm include Cerberus Global Investments, ECS – Sociedade de Capital de Risco, Glennmont Partners, CK Infrastructure Holdings, Hanwha Energy Corporation, Morgan Stanley Infrastructure, Värde Partners Europe, The Carlyle Group, Novo Banco and Lincoln TopCo Pte.
In projects key clients of the firm include European Investment Bank, Marguerite Adviser, Hanwha Global Asset Corp, Mizuho Bank, Morgan Stanley Infrastructure, Banco Comercial Português, Petrogal, CRRC Tangshan, Mozambique Rovuma Venture and Barraqueiro.
In restructuring and insolvency key clients of the firm include ECS - Sociedade de Capital de Risco, Cerberus European Investments, DWS, Davidson Kempner European Partners and Bank of America Europe.
Luiz Gomes & Associados
Luiz Gomes & Associados is a Portuguese law firm established by managing partner Andre Luiz Gomes and is based in Lisbon.
Focusses / specialisms
The firm has a focus on banking and M&A.
Miranda & Associados
Miranda & Associados is a Portuguese law firm based in Lisbon and Porto. Through their network, Miranda Alliance, they offer commercial legal services in a total of 18 countries in four continents.
Focusses / specialisms
The firm has a particular focus on banking.
Key clients
Key clients of the firm include Sandfire Resources, Prosolia Group and Grupo Glintt.
Client Feedback: 32nd edition (2022/2023)
M&A
"They are very committed with the project and always available. Very good knowledge of the corporate elements discussed."
Mouteira Guerreiro Rosa Amaral & Associados
Mouteira Guerreiro Rosa Amaral & Associados (MGRA Sociedade de Avogados S.P.R.L.)
is an independent law firm in Portugal established in 2004. The firm has three offices in Lisbon, Faro and Ponta Delgada.
Focusses / specialisms
The firm has a focus on M&A transactions but is also active in restructuring and insolvency deals. Within these areas the firm has a focus on working for clients from the technology and retail sectors.
Key clients
Key clients of the firm include Eze Castle Integration, Cannaeuro Group, SGPS, MAZARS, The Northern Trust Company, Synova Renewable Technology, Carristour, Pollet Water Group Portugal, shangol, Norvento Enerxia Lda, Hitachi Solutions, Bulgaria Air and RTS Atlantic.
Deal highlights:
33rd edition (2023/2024)
Synova renewable technology insolvency proceedings
TML transportes Metropolitanos de Lisboa €200 million project development
NGA Advogados
NGA Advogados is a Portuguese law firm established by Luis Nobre Guedes and is based in Lisbon.
Focusses / specialisms
The firm has a focus on M&A.
Client Feedback: 31st edition (2020/2021)
Restructuring and insolvency
"This law firm have been providing support in several legal aspects to our company. They are quick, responsible, effective and always available. We feel secure and trustful with them on our side. This is the best feeling we can have from a law firm."
pbbr
pbbr is a Portuguese law firm based in Lisbon and established in 2006.
Focusses / specialisms
The firm has a focus on banking work but is also active in M&A and restructuring and insolvency work. Within these areas the firm has a particular specialism in working for clients connected with the real estate sector.
Key clients
Key clients of the firm include Bouygues Telecom, Cushman & Wakefield, Sogevinus, Moretextile, ECS Capital, Chocolaterie Guylian, Bouygues Immobilier, Nexity, Haitong Capital, Caixa Capital, Investwood, Auden Foods¸ Kiabi Group, Democo, Signal Capital Partners, Serris Reim Asset Management, Avenue Real Estate, Atenor Group, Rockstone Real Estate, MDSR Investments, Gold Tree Investments, BitCliq Technologies, Visor.AI, IDAR Grupo, Eurofrozen, Prime Real Estate, EQTY Capital, Optimum Agriculture Advisors and Estrela SGPS.
Research period review:32nd edition (2022/2023)
During the research period the firm was active in banking, equity capital markets, M&A and restructuring and insolvency.
In banking the firm worked on lending and financial restructuring transactions for borrowers connected with financial services and aerospace services.
In M&A the firm worked on acquisitional transactions and joint ventures for buyers largely connected with the real estate, agriculture and energy sector.
During the research period Pedro Carvalho Martins joined the firm from Ferreira Pinto & Associados.
Deal highlights:32nd edition (2022/2023)
ABANCA Corporacion Bancaria €15 million financing facility agreement
Signal Capital Partners €150 million disposal to the US Fund Sixth Street and Acacia Point
Client Feedback: 32nd edition (2022/2023)
Banking and finance
"Excellent professional and effective legal advisory, hardworking and cohesive team."
M&A
"Boutique law firm. Great knowledge of the Portuguese real estate industry. Good attitude and focused on the deal completion."
"Focus on detail, solid expertise in real estate SPA negotiation and solid expertise in urban planning issues."
"pbbr is highly dedicated and commercially driven during negotiations, without losing focus on the deal."
Private equity
"Response time. Service quality. Act as business partners."
Restructuring: Corporate
"Accuracy, teamwork and focus on deadlines."
Carina Branco
"Best professional to work with."
"Availability and knowledge."
Teresa Freire
"Very experienced lawyer with strong problem-solving skills and a clear focus on finding pragmatic and efficient solutions."
Pedro Pinto
"Hard working, committed, knowledgeable, loyal, fun, ethical."
"Good communication. Great experience and knowledge.
"Pedro Pinto always listens to you while trying to find a solution to your problem. Business-oriented attitude, without prejudice to his client's interests. A pleasure to work with."
PRA - Raposo Sá Miranda & Associados
PRA - Raposo Sá Miranda
is a Portuguese law firm established in 2001. The firm has offices in Lisbon, Oporto, Faro, Ponta Delgada and Leiria.
Focusses / specialisms
The firm has a focus on M&A and restructuring and insolvency work.
Client Feedback: 31st edition (2020/2021)
Banking and finance
"Professional and competent."
Capital markets: Equity
"Available; professional comments; 24-hour response."
Financial services regulatory
"Ability to establish relationships and strong in discussions between parties."
Insolvency
"They are always attentive, and quick with the decisions we need to take and first of all they study the case very well."
Investment funds: Private equity funds
"PRA provided solid guidance throughout the transaction, both in terms of debt acquisition, negotiation support with various stakeholders, restructuring legal support and detailed scenario analysis based on legal constraints that supported our decision-making."
M&A
"Proactive advice. Organised. Knowledgeable. Experience. Fast."
"I would say their level of experience and their availability, as well as proactivity, attention to detail, understanding of the big picture, strategic thinking, good risk management."
Private equity
"Deep legal background. Understanding the impacts of legal issues on the firm's evolution."
Project development
"Unlimited professionalism from the whole team (from the elements that are involved in our project). Always available. A technical capacity to find solutions even in the most demanding and complicated situations. Strict adherence to deadlines."
Riquito Advogados
Riquito Advogados is a law firm operating in Macau and Lisbon.
Focusses / specialisms
The firm has a focus on M&A.
Client Feedback: 32nd edition (2022/2023)
Restructuring
"Constructive legal opinion and useful advice."
Serra Lopes Cortes Martíns & Associados
Serra Lopes Cortes Martins & Associados is a Portuguese law firm established in 1961 by partners António and Maria de Jesus Serra Lopes. The firm is currently led by managing partner Luis Cortes Martins and is based in Lisbon.
Focusses / specialisms
The firm has a focus on banking, M&A and restructuring and insolvency.
Key clients
Key clients of the firm include Banco Commercial Portgues, Sovena Group, Elaia Group, Caixa Economica, Novo Banco, ECS Capital, Grupo JAP, Diaverum, Grupo Jose de Mello and Nutrinveste.
Client Feedback: 32nd edition (2022/2023)
Insolvency
"Accuracy, technical competence and availability."
M&A
"Knowledge of the sector and its specific legal framework."
SPS-Barrilero
SPS-Barrilero is a Portuguese law firm established in 1989. The firm is led by managing partner Pedro Malta da Silveira and is based in Lisbon.
Focusses / specialisms
The firm has a focus on restructuring and insolvency.
Client Feedback: 31st edition (2020/2021)
Banking and finance
"Always present the best solution for each case according to the desired result."
"Practical view; understanding the economic impact and helping to find solutions to mitigate negative impact. Knowledge about our business."
M&A
"Very focused on getting the best solution for the customer."
Project development
"Very focused on the client's needs and wide view of proposals for achieving goals. Search for solutions."
Restructuring: Corporate
"Knowledge of the specifics of the sector, knowledge of the specifics of the law."
