Spain

IFLR1000 Reviews

Financial and corporate
Allen & Overy

Allen & Overy is a full-service law firm which opened its first office in Madrid, Spain in 1991. Today, it has 40 offices worldwide and the Madrid office alone is led by 17 partners.


Focusses / specialisms

The firm is active in all areas of corporate law and project development, advising local and foreign clients on national and cross-border transactions.

In banking and finance it advises borrowers and lenders on a variety of banking transactions, ranging from syndicated loans and refinancing to acquisition financing and project financing. In addition, it provides regulatory advice to financial services providers and private equity funds on the establishment and compliance of financial services.

In capital markets it is active in debt, equity and structured finance. In capital markets debt, it advises issuers and managers on various bond issues, note issues and EPC programmes. In structured finance it advises primarily managers and lenders on loan securitizations.

In corporate and M&A the firm advises sellers and acquirers on mergers, acquisitions and sales.

In restructuring and insolvency, it advises mainly creditors but also distressed companies on insolvency and rescue proceedings.


Key clients

Among its clients are Santander, BNP Paribas, EQT, BBVA, Almirall, Redexis Gas, CaixaBank, Banco Sabadell, EDP, Bank of America, Cellnex, Goldman Sachs, Redexis, FCC, Amadeus, BBVA, ING, Natixis, Repsol, Acciona, Cepsa, Iberdrola, ICG, EQT, British Telecom, Eolia Renovables, Total Solar, Eugin, Globalvia, AMP Capital, Grupo Villarmir, Infracapital, Societe Generale and Morgan Stanley.

Garrigues

Garrigues was established in 1941. Today, it is a full-service multinational firm with a main office in Madrid, and offices in 13 countries where more than 2000 lawyers work.

 

Focusses / specialisms

The firm provides legal assistance across all practice areas and is experienced in working on cross-border deals as well as in ground-breaking domestic deals.

In banking and finance, it advises lenders and borrowers on cross-border transactions such as various loan facilities, and acquisition and project finance.

The capital markets practice of the firm does work in all areas of debt, equity and structured finance. In and structured finance it’s particularly active on behalf of banks and credit institutions while in equity it most often represents issuers.

The corporate and M&A practice consists of both domestic and cross-border transactions in various industries.

In restructuring and insolvency, it most often advises distressed companies on insolvency proceedings and restructuring.

 

Key clients

Among its clients are CaixaBank, Banco Sabadell, BNP Paribas, OHL, Banco Santander, Vela / Q-Energy, Plenium Partners, Naviera Armas, Metropoli, Ben Oldman Partners, Ritz-Carlton Yacht Collection, Waterfall Asset Management, Metric Capital Partners, Hipogés Iberia, Abengoa, Aldesa, Banco Santander, Bbva, Banco Popular, Banco Sabadell, Deutsche Bank, Gescobro Collection Services, Getinsa, Mizuho International Bank, Incus Capital, Telefónica and Banco Bilbao Vizcaya Argentaria.

 

Research period review: 33rd edition (2023/2024)  

During the research period the firm was active in all areas of corporate law.

In banking and finance, the firm advised both borrowers and lenders on a versatile and prolific record of transactions, consisting of direct financing, acquisition financing and refinancing. The focus in its project financing practice is on advising mainly sponsors on financing projects through banking financing, acquisition financing and bonds issue. It worked on projects in several industries, most notably in renewable energy.

In capital markets it was active in advising mostly the issue side on various debt capital markets transactions such as the issue of high yield senior secured floating rate notes, high yield notes, green senior notes, high yield bonds, convertible bonds and project bonds. In capital markets equity it advised mostly the issuer on IPOs and share capital increases. In structured finance and securities it advised issuers on convertible securities issue, mortgage securitization listings.

In corporate and M&A the firm advised acquirers and sellers on acquisitions in various industries, including telecommunications, hospitality, chemicals, metal and manufacturing, financial services, and renewable energy.

In restructuring and insolvency, the firm advised all sides of the table on insolvency and restructuring proceedings.

  

Deal highlights: 33rd edition (2023/2024)

Grupo Urconsa €405 million insolvency

Meag Munich Ergo €180 million project finance

Banco Sabadell €250 million CDO securitization

Axon Partners €101 million IPO

 

Client feedback: 33rd edition (2023/2024) 

Restructuring and Insolvency

“Absolute knowledge of the laws, deep analysis of the situation, alternative recommendations and exclusive dedication to the conditions of the client.”

 

Juan Verdugo

“Clear, direct, know the laws, innovative.  Gives a lot of confidence and security to the customer.”

Gómez-Acebo & Pombo

Gómez-Acebo & Pombo is an international full-service law firm, founded in 1971. Its main office is in Madrid where over 260 professionals are working. In addition to that, it also has offices in Barcelona, Bilbao, Brussels, Lisbon, London, New York, Valencia and Vigo.

 

Focusses / specialisms

The firm provides legal assistance across all practice areas of corporate law, as well as in project development. It has a track record of working on cross-border transactions.

In banking and finance, it is experienced in working on the lender’s side as well as on the borrower’s side on various loan transactions such as credit facilities, acquisition finance and debt restructurings.

In capital markets it is particularly active on bonds and notes issues, advising bond holders, as well as issuers.

In corporate and M&A it advises shareholders, buyers and sellers on various share transactions, and also on mergers and acquisitions.

Its project development practice includes the working on the implementation of projects in various industries with a particular emphasis on social infrastructure.

In restructuring and insolvency, it has a strong track record in representing creditors, debtors and other financing parties in restructurings and insolvency proceedings. 

 

Key clients

Among its clients are Santander, Caixabank, Banco Sabadell, BNP Paribas, Triodos Bank, Bankinter, Kommunalkredit Austria, MEAG, AEVWL, Rivage, Acofi and BBVA.

 

Research period review: 33rd edition (2023/2024)    

During the research period the firm was active in all areas of corporate law and project development.

In banking and finance, it advised the borrower side and the lender side on direct financing and refinancing of direct financing, acquisition financing. Its project financing practice includes advising acquirers on mostly refinancing of concessions and projects in transport and predominantly in renewable energy.

In capital markets it was active in both debt capital markets and equity capital markets. On the debt side its practice consists of advising issuers on bond and notes issues and renewals, and mostly of bond debt restructurings. On the equity side it advised issuers and initial purchasers on IPOs and secondary share listings.

In corporate and M&A the firm advised acquirers and sellers on acquisitions in a broad range of industries, including technology and telecommunications, industrials and manufacturing, logistics, consumer goods and services, financial services, energy, healthcare and insurance.

In project development it advised mostly developers on projects in a various list of industries, ranging from food, construction and materials, tourism and energy to utilities and logistics.

In restructuring and insolvency, it advised mostly the borrowing side on debt restructuring, and all side of the table on insolvency proceedings. 

During the research period banking and finance counsel Antonio Ramirez joined the firm from Freshfields. M&A counsel Miguel Angel Melero joined the firm from Cuatrecasas.

Energy and regulatory partner Borja Carvajal joined the firm from KPMG along with counsel Pedro Soto. Parner Santiago Garrido de las Heras joined the firm, from Hogan Lovells.

 

Deal highlights: 33rd edition (2023/2024)

Grupo CELSA €2.6 billion refinancing

Auvisa €100 billion syndicate of lenders

Grupo Porcelanosa project development

Orange €18.6 billion acquisition

Atrys health €600 million IPO

Pérez-Llorca

Pérez-llorca established its first office in Madrid in 1983. Today, the firm has 53 partners and more than 360 lawyers, working across its headquarters in Madrid and its offices in Barcelona, London and New York.  

 

Focusses / specialisms

The firm provides legal assistance across all practice areas in corporate law, as well as in project development. It has a track record of working on cross-border transactions, especially in banking.

In banking and finance it advices borrowers and lenders on complex loan facilities, debt-restructuring and re-financing, as well as project finance and acquisition finance. In its project finance practice, it’s particularly active in the energy sector, on both traditional and renewable energy projects.

Its capital market practice covers all types of work within debt, structured finance and equity and it advises domestic and international banks and companies.

In corporate and M&A the firm advises shareholders, private equity funds, banks on various types of share capital increases, mergers, acquisitions and sales.

It has a strong record od deals in restructuring and insolvency, acting on behalf of insolvent companies, shareholders, as well as debtors and banks on insolvency proceedings and insolvency-related transactions. 

 

Key clients

Among its clients are Carlyle Group, Mfe-Mediaforeurope, AM Fresh, Bankinter, Banco Santander, Ibercaja, Banco Sabadell, Caixabank, Financiera El Corte Inglés, Barclays, Connect, Coca-cola European Partners, Aena, Discovery Group, Brookfield Asset Management, Citi, Credit Suisse, BBVA, ING, Santander Bank, and Bank of America Merrill Lynch.

 

Research period review: 33rd edition (2023/2024) 

During the research period the firm was active in all areas of corporate law.

In banking and finance the firm was advising borrowers and lenders on direct financing, refinancing, acquisition financing. Its project financing practice included advising lenders and borrowers on projects mostly in renewable energy.

In capital markets it assisted all sides of the table on debt capital markets transactions such as bond and notes issues as well as commercial paper programmes issue, and on structured finance work such as securitization transactions.

In corporate and M&A it advised mostly the acquirer on acquisitions in various industries, including mostly renewable energy and technology and telecommunications, construction and manufacturing, defence, utilities, media and shipping.

In restructuring and insolvency, the firm has a prolific record in advising mostly distressed entities and active entities on restructuring and recapitalization and on insolvency proceedings.

Recent staffing changes in the banking team include the recruitment of four new partners in Corporate and M&A, Javier Bau, Teresa Méndez, Pablo Hontoria and Florence Legeay.

During the research period Capital markets partner Teresa Méndez joined the firm.

Banking and finance counsel Gabriel Salarich and Isabel Villa joined the firm.

 

Deal highlights: 33rd edition (2023/2024)

Volotea €218 million restructuring

RLD

RLD is a boutique corporate law firm, founded in 1989 in Madrid, Spain. In 2012 it has opened Spanish-speaking offices in Abu Dhabi and Dubai.


Focusses / specialisms

The firm specializes in mergers and acquisitions, internationalization of companies and providing corporate advice. The key sectors in their practice are private equity, healthcare, family office, hospitality, real estate and energy.

 

Key clients

Among its clients are Hermanos Revilla, Nature Talent Group, Escaleras Aguerri and Viamed Salud.

 

Research period review: 32nd edition (2022/2023)     

During the research period the firm was active in corporate and M&A. It advised mostly acquirers and also targets on acquisitions in industries such as real estate, agriculture, industrials and manufacturing, and especially in healthcare. It also advised

Recent staffing changes include the recruitment of Alberto Jornet, a counsel in corporate and M&A hired from R.Goizueta y asociados, and the retirement of Coloma Gil-Albert, a former head of the corporate and M&A department.

 

Deal highlights: 32nd edition (2022/2023)

Liechtenstein 26% acquisition of Nature Talent Group

Realia’s €189 million acquisition of 37% stake in Hermanos Revilla

Viamed Salud acquisition of a branch of Hospital Virgen de la Paloma

 

Client feedback: 32nd edition (2022/2023)

M&A   

"Very responsive."

Uría Menéndez

Uría Menéndez is one of the oldest legal firms in Spain with a proven legal capacity across all areas of financial law. Founded in 1946, it started with a small office in Madrid and today almost 600 lawyers are working in the firm in 12 different offices, located across Europe, the Americas and Asia.

 

Focusses / specialisms

The firm is experienced in cross-border and domestic transactions across all areas of corporate law and project development.

In banking and finance, it advises foreign and international banks on a broad range of transactions, including various types of loans, green financing, acquisition financing and corporate financing. In project finance it has a track record of advising borrowers and lenders on financing in various sectors, most notably in the renewable energy sector.

In capital markets it is experienced in advising all sides on bond issues, securities and IPOs.

In corporate and M&A it has a track record in advising the buy side and the sell side on mergers and acquisitions and share capital increases across various industries, with a particular focus on the financial industry, banking, TMT and renewable energy industries.

In project development the firm is equally experienced in advising contractors and developers on PPPs and concessions, and also on the design and the implementation of projects. Its clients come from various industries, including energy, social infrastructure, transport and healthcare.

 

Key clients

Among its clients are Banco Santander, BBVA, Barclays Bank, CaixaBank, ING, Unicaja and Banco Sabadell, Isolux, Blackstone, Goldman Sachs, Cerberus, Lone Star, European Investment Bank, Santander, BBVA, Bankia and CaixaBank.

 

Research period review: 33rd edition (2023/2024)  

During the research period the firm was active in all areas of corporate law and project development.

In banking and finance the firm advised borrowers and lenders on direct financing transactions, refinancing, acquisition financing and project financing. Its project financing practice consists of a prolific record of deals advising borrowers and lenders on projects in a broad range of industries, ranging from oil and gas, and industrials and manufacturing to renewable energy and social infrastructure.

In capital markets the firm advised clients in all sub practice areas: debt, equity and structured finance. In debt capital markets it advised mostly issuers and also clients in underwriter’s roles on high-yield bond and note issues and green senior secured notes. The equity practice of the capital market team includes advising most often issuers on share capital increases and IPOs. Its structured finance and securitization practice consists of advising mostly issuers and originators on securitization of receivables and mortgage-backed performing loans.

In corporate and M&A it advised acquirers, sellers and targets on acquisitions in various industries, including utilities, transport, real estate, food and beverages, energy, industrials and manufacturing and technology and telecommunications.

In project development it represented project developers on concessions as well as PPP and private projects in various sectors, including social infrastructure, mining, transport and aviation.

In restructuring and insolvency, it advised mostly creditors on financial restructurings.

A recent staffing change is a new addition to the project development team, the recruitment of Miguel Martínez Gimeno, a partner in Public Law & Environment, coming from a position in the Spanish state.

  

Deal highlights: 33rd edition (2023/2024)

ERCROS €40 million financing

Food Delivery Brands group €468 million restructuring

Nuevo Hospital de Burgos €162 million PPP

Siemens Gamesa Renewable Energy €4 billion private acquisition

Ramón y Cajal Abogados

Founded in 1986,Ramón y Cajal Abogados is a full-service Spanish law firm with offices in Madrid and Barcelona. Its team currently comprises of 38 partners and 82 lawyers.   

 
Focusses / specialisms 

The firm is experienced in all areas of the corporate law and project development. It advises banks, investment firms and corporate clients on multi-million bond and note issues, M&A transactions, financial restructurings, share capital increases, financing, refinancing, debt restructurings, project financing and insolvency and bankruptcy proceedings.     

It also advises foreign funds, collective investment schemes, management funds and financial institutions on corporate and regulatory matters.  

It has a prolific record in various sectors, especially in the renewable energy, banking and finance and real estate.   

   

Key clients 

Among the clients of the firm are Bankinter, Seur, GeopostBankinter Investment, Kartesia Securities, Sociedad de Gestión de Activos Procedentes de la Reestructuración Bancaria, Banco Sabadell, Alas Capital 4, Vinova Investments, Liberbank, Arena Green Power, Q Energy and Smartel Partners 

 

Client feedback: 32nd edition (2022/2023) 

Capital markets 

"Straight-forward, focused on delivering a timely and good-quality work. They had a great control on the process." 

 

Private equity 

"Its lawyers have an extensive knowledge on these type of transactions, giving a deep and profund legal advice on any legal matter related to the transaction. They have an impressive character and a huge availability." 

AGM Abogados

AGM Abogados is a corporate law firm which established its first office in Barcelona in 1986 and today it has offices presence in Madrid, Sabadell and Paris, as well. It has a team of over 100 legal professionals. 

 

Focusses / specialisms 

The firm is active in corporate and M&A and restructuring and insolvency. In corporate and M&A it advises all sides of the table, mostly buyers on the full range of M&A transactions. In restructuring and insolvency, the firm advises mostly the debtor’s side on corporate rescues and insolvency proceedings. 

 
Key clients 

Among its clients are By Pillow Hotels and MD Management, Capitole Consulting, Legedara, Bodega Bravo Escós, Chaskis, Lacelier and Opción Servicios Generales. 

 

Client feedback: 32nd edition (2022/2023) 

Insolvency 

"Accuracy and professional advice."

Andersen Tax & Legal

Andersen Tax & Legal is a tax and legal services firm, founded in 2013 in Spain, and today it has offices in Madrid, Barcelona, Valencia and Sevilla. It is part of Andersen Global which is an association of legally separate, independent member firms. It consists of 9, 000 professionals worldwide with a presence in over 315 locations worldwide.


Focusses / specialisms

The firm specializes in tax advice, and it has a track record of deals in banking and finance, M&A and restructuring and insolvency. It advises foreign and national clients on both national and cross-border deals.

In banking and finance it advises mainly borrowers on various sorts of financing, as well as debt restructurings and acquisition financing. It is also active in providing regulatory advice.

In corporate and M&A it advises most often the acquirer on mergers, acquisitions and joint ventures in various industries.

In restructuring and insolvency, it advises creditors and distressed companies on bankruptcy proceedings, insolvency proceedings and restructurings.


Key clients

Among its clients are Naturgy Energy Group, Grupo Intermas, Efrat Investment, Madrid Capital, Mouro Capital, Finadvant Ede, Impar Sgeic, Cardtronics, Imperial Brands and Grupo Bogaris.

Araoz & Rueda

Founded in 1994,Araoz & Rueda is a full-service law firm with an office in Madrid, Spain. 

 
Focusses / specialisms 

The firm is active in corporate and M&A and in banking and finance, advising mainly foreign and local clients on mainly cross-border deals. 

In banking and finance it advises borrowers and lenders on various banking transactions such as debt restructuring, refinancing and acquisition finance.   

In corporate and M&A it advises acquirers and sellers on acquisitions and sales in various industries, including energy and technology.   

 
Key clients 

Among its clients are Charme Capital, Orpea Group, Amundi Private Equity Funds, JP Morgan, Terra Firma Capital Management, OCS, ENI  Gas e Luce, Taaleri and Alantra Solar.  

 

Client feedback: 32nd edition (2022/2023) 

M&A 

"360 degrees view of the legal process 

Excellent insight in regulator procedures and policies" 

 

Restructuring 

"Responsiveness and high quality service, with very competitive fees" 

Bird & Bird

Bird and Birdis a full-legal service law firm which launched its office in Madrid in 2005. It is part of the international law firm Bird & Bird which consists of 1,300 legal advisers, working in 29 offices worldwide. 

 
Focusses / specialisms 

The firm advises on cross-border and domestic deals in banking and finance, corporate and M&A and equity capital markets. 

 
Key clients 

Among its clients are SEPIBanco Santander, Henko Partners, Pharmactive Biotech Products, Fertinagro Biotech and Homeserve Iberia.    

 

Client feedback: 32nd edition (2022/2023) 

M&A 

"Very hands on, proactive and problem solvers." 

"- 360º Know How on IPO process 

- Strong drive to coordinate all parties and push process forward 

- Network of connection at regulatory bodies" 

Cases & Lacambra

Cases & Lacambrais a full-service law firm. Today, it has offices in Madrid, Barcelona, Miami and Andorra. 

 

Focusses / specialisms 

The firm is active in banking and finance, M&A and capital markets. 

In M&A it advises clients on both sides of the table on mergers, restructurings and acquisitions in various sectors. 

Its banking and corporate financing practice includes banking transactions such as debt restructuring and all sorts of financing, ranging from project financing to acquisition financing. In addition, it assists banks, private equity and investment funds and companies with regulatory advice, related to corporate governance, and banking and capital markets matters related to compliance and specific transactions. 

 
Key clients 

Among its clients are CaixaBank, European Federation of Energy Traders, English Company, Pig Improvement Company, Globalmar and Ernesto Ventos. 

Clifford Chance

The Spanish office of Clifford Chance is one of the biggest full-service law firms in the country with 23 partners and 150 lawyers. It opened its first office in Madrid in 1980 and then a second in Barcelona in 1993. It is part of the international law firm Clifford Chance whose history can be traced back to the early 1800s in London. 

 

Focusses / specialisms 

The firm has a proven experience in all areas of the corporate law. Its Spanish, UK and US law qualified experts advise on cross-border, as well as on domestic deals in a broad range of industries. 

The banking and finance team act for large domestic and international commercial lenders, and also borrowers, project sponsors and international financial organizations. It assists them with a broad range of transactions, including direct financing, acquisition financing and refinancing. One of its specialisms is securing project financing and refinancing for sponsors, borrowers and lenders on projects in the renewable energy sector. Its project finance practice is also strong in infrastructure, telecommunications, media and technology, financial institutions and private equity. 

In capital markets it advised foreign and domestic issuers such as commercial and investment banks and companies on green bonds, convertible bonds, high-yield bonds and private placements of notes. 

Its M&A practice consists almost entirely of assisting acquirers and seller on cross-border mergers, acquisitions and sales in the telecommunications, energy and infrastructure sectors. 

It has a significant presence in restructuring and insolvency area where its team possess capabilities such as four dedicated partners and an English law trained team of lawyers, and advises creditors, debtors and distressed companies on insolvency proceedings. 

 
Key clients 

Among its clients are NatWest, European Super League, CaixaBankConcessió Estacions Aeroport, Cedinsa Eix del Llobregat Concessionaria de la Generalitat de Catalunya, Asterion Industrial Partners, Barclays Bank Ireland, Barclays, Banco Bilbao Vizcaya Argentaria, Credit Suisse and Deutsche Bank, HSBC, Banco Santander, Citigroup, Mediobanca, Servicios Financieros Carrefour, BBVA, CACIB, Masmovil, Real Madrid, FC Barcelona and Athletic de Bilbao, Key Capital Partners, Ufinet, Codere, King Street, Strategic Value Partners, Taconic, Attestor, Eroski, Grupo Ezentis, P3 Spain Logistic Parks SOCIMI and Allianz Real Estate. 

 

Client feedback: 32nd edition (2022/2023) 

Asset finance 

"Always looking for the most advantageous wording for us." 

 

Capital markets 

"Cross-border expertise, availability, proactivity, experience, generosity to share knowledge, solutions oriented, really committed." 

CMS Albiñana & Suárez de Lezo

Founded in 1927, CMS Albiñana & Suárez de Lezo is a law and tax firm which has offices in Madrid and Barcelona where over 100 legal professionals work. It used to be called Melchor de las Heras but in 2002 changed its name to Albiñana & Suárez de Lezo. In 2005 it joined CMS, a law and tax firm consisting of 17 independent firms with more than 70 offices worldwide. 

 

Focusses / specialisms 

The firm is active across all areas of corporate law. It advises financial institutions, private equity firms and insurers on banking and M&A deals. 

It advises clients from various industries, including food and beverages, consumer products, automotive, telecommunications, logistics, infrastructure, retail sectors and, most notably, the energy sector. 

In restructuring and insolvency, it advised mostly debtors and creditors on insolvencies, bankruptcies and corporate restructurings. 

 
Key clients 

Among its clients are Chamartín La Grela and Inmobiliaria Chamartín, Grupo ITEK, Haitong Bank and Novo Banco, Grupo Casabella Proyectos Inmobiliarios, Northland Power, Macquarie Capital, Eni, E2OPEN Parent Holdings, Schroders, Northland Power, Pradera and Universal-Investment, and Global Student Accommodation.  

 

Client feedback: 32nd edition (2022/2023) 

Banking 

"Albiñana & Suárez de Lezo's team has provided us with quality legal advice and has proven to know perfectly the sector of activity in which our company is focused. In this way, having their support has been very useful, since they have perfectly understood our needs and the market standard in which we operate in the transactions we used to carry out." 

 

Bank lending 

"Really proactive on finding solutions during the negothiation but keeping the black lines in place." 

Cuatrecasas

Founded in 1917, Cuatrecasas is a full-service law firm with offices in Madrid, Barcelona and 11 more locations across Spain. It is part of the global law firm Cuatrecasas which has over 1,000 lawyers in 27 offices in 13 countries and it’s particularly active in Spain, Portugal and Latin America. 

 
Focusses / specialisms 

The firm is active in advising mostly domestic clients such as banking institutions, investment funds and companies on multimillion dollar transactions in M&A, restructuring and insolvency and banking and finance. Its banking and finance team is experienced on project financing in various industries but has a strong focus on the renewable energy and the real estate sectors. 

It also has a strong capital markets practice which includes multi-billion deals in debt capital markets and structured finance such as bond issues and incorporation and registration of asset-backed securities fund and notes programmes. 

 
Key clients 

Among its clients are Caixabank TitulizacionKlöckner Pentaplast, Santander de Titulización, JB Capital Markets, Solar Profit Energy Services, Quabit Inmobiliaria, Vinci, Platinum Equity, Bain Capital, Autopista Terrassa-manresa, Caixabank, European Investment Bank, Coronation Holdco Renovables, Azora Capital, Novo Banco, Tink, Crédit Agricole, Comsa Corporación De Infraestructuras, Zaragoza Urbana, Broadbill Investment Partners, QP Capital, Dupont Capital and Capital Energy. 

Davis Polk & Wardwell

Davis Polk & Wardwell is an English law firm which established its office in Madrid in 2001. 

 
Focusses / specialisms 

The firm practices only English law and it is well-known for its capital markets practice, especially for its equity work. It has a prolific track-record of assisting companies and investment banks in international capital markets transactions such as IPOs, rights issues, investment-grade and high-yield bond offerings and share capital raisings. 

 
Key clients 

Among its clients are Cellnex Telecom, Corporación Acciona Energías Renovables and Codere Newco and Codere Online.  

Deloitte Abogados

Deloitte Abogados is a full-service law firm which has 22 offices only in Spain. It is part of Deloitte Global, a law firm founded in 1845 in London which currently consists of more than 100 offices across all continents. 

 

Focusses / specialisms 

The firm has a prolific record in all areas of corporate law. It is equally active in advising both sides of the table on banking and finance and corporate and M&A transactions. One of its specialisms is advising banks and financial services providers on regulatory and compliance matters related to transactions and the establishing of new services, and shareholders on corporate governance matters. 

In restructuring and insolvency, it advises debtors and distressed companies on insolvency proceedings. 

It is particularly active in finance, pharmaceutical, travel and leisure, manufacturing and private equity sectors. 

 
Key clients 

Among its clients are Acciona, Diseños y Proyectos Técnicos, Duro Felguera, Atresmedia Group, Banco Alcalá, Eroski, Woc Fotovoltaica España, Solaer Clean Energy 2, N26, Revolut, Sezzle, Afterpay, Klarna, Grupo Pescaderías Coruñesas, Knight Frank España, Kobus Partners and Nuzoa Animal Health.   

 

Client feedback: 32nd edition (2022/2023) 

Banking and finance 

“They are super experts in the field for the Spanish jurisdiction. 

 

Project finance 

"Super professional and efficient." 

Dentons

Dentons is a full-service law firm with two offices in Spain, located in Madrid and Barcelona and nearly 60 lawyers. It is part of the global law firm Dentons with more than 10,000 lawyers in 198 locations in 77 countries. 

 
Focusses / specialisms 

The firm specializes in advising clients mostly on cross-border deals in banking, capital markets and corporate and M&A. It has a prolific record in assisting foreign and domestic clients on all sides of the table on capital markets debt and structured finance transactions and various M&A transactions. 

The banking and finance team has demonstrated capabilities to advise banks, investment services companies, public institutions, listed companies and other financial institutions on a full range of financing matters, as well as on both Spanish and EU financial regulatory matters. 

It’s active in various industries but most notably in energy and telecommunications. 

 
Key clients 

Among its clients are Mitsubishi UFJ Financial Group, MUFG Bank Sucursal En España, MUFG Bank, UST Global, UST Global Private and UST Global España, Banco Santander, Actividades de Construcción y Servicios, Sacyr, Banca March, Vitrolife, FCC Aqualia and EPAM Systems. 

 

Client feedback: 32nd edition (2022/2023) 

Capital markets 

"Excellent client service. Approachable, competitive and flexible." 

 

M&A 

"Partner involvement, quality of deliverables, sound legal knowledge, business and deal oriented." 

ECIJA

Established in 1997, ECIJA is boutique corporate law firm with an office in Madrid and also in Barcelona, Valencia, Zaragoza, Las Palmas de Gran Canaria, Santa Cruz de Tenerife and Pamplona. It has a team of 70 partners and more than 300 professionals.  

 

Focusses / specialisms 

The firm does a lot of banking and finance regulatory work as well as assists mostly the sell side on acquisitions and corporate and M&A matters. 

   

Key clients 

Among the clients of the firm are European Central Bank, European Bank Authority, European Agencies, Club Atlético de Madrid Football Club, Bank of SpainCaixaBank, Morgan Stanley UK and Deutsche Bank UK, Inmobiliaria Colonial and Biosearch 

 

Client feedback: 32nd edition (2022/2023) 

M&A 

"Highly engaged and experienced individuals with practical advice that takes into account the big picture." 

 

Private equity 

"Ecija carried out a brilliant negotiation with the Industrial partner and with their legal advisors in order to obtain a good deal for us" 

FIELDFISHER

Fieldfisher JAUSAS is part of the international US law firm Fieldfisher which was founded in 1983. Only in Spain, Fieldfisher JAUSAS has offices in Madrid and Barcelona and is part of Fieldfisher’s network of 24 offices in 23 jurisdictions across Europe, Asia and USA. 

 
Focusses / specialisms 

The firm assists companies on private equity and investment funds. It also advises on cross-border corporate and M&A transactions, insolvency proceedings and bankruptcies. 

It is active in various sectors such as private equity and investment management, finance and technology. 

 
Key clients 

Among its clients are Managers of Health Transportation Group, Toyota Ventus, Zynga, Cimlec Industrie, Volati Group, Tornum, Catalana Occidente, Reftrans, Carrera y Carrera, Gestora de Negocios de Pastelería, Micra and Gestimad Holding.   

 

Client feedback: 32nd edition (2022/2023) 

M&A 

"Good quality of work." 

"Professional, reactivity, advisor in innovative solutions in a tough situation, available." 

Herbert Smith Freehills

Herbert Smith Freehills is a full-service law firm with an office in Madrid, Spain.

 

Focusses / specialisms

The firm is experienced in advising foreign and domestic companies, investment companies and banks on multi-million transactions such as acquisitions, restructurings, insolvency proceedings, financing and capital markets matters. It is active across various industries, most notably in the private equity and financial sectors.


Key clients

Among its clients are Abengoa, Famosa, Corpfin Capital, Cristian Lay, Banco Santander, Carlyle, Barclays, Bain Capital, Nozar, Via Célere, Svenson, Antin Infrastructure Partners, Cristian Lay, DIF Infrastructure, Aventicum Capital Management, Peninsula Capital Partners, Alten Energías Renovables, Momentum Real Estate and Arbuthnot Latham.

J Almoguera Abogados

Established in 2013,J. Almoguera Abogados is a boutique law firm specialized in restructuring and insolvency and litigation matters. It has seven attorneys and an office in Madrid. 

 

Focusses / specialisms 

The firm is specialised in advising foreign and domestic banks, private investment companies and distressed companies on cross-border insolvency proceedings and restructurings.   

 

Client feedback: 32nd edition (2022/2023) 

Asset finance 

"They are very dedicated. There is a very knowledgeable research team and you get really a lot of partner time." 

 

M&A 

"They are very professional and consistent." 

King & Wood Mallesons

King & Wood Mallesons is a full-service law firm which established its office in Madrid, Spain in 1999. According to the number of lawyers in their departments, it has 19 lawyers. It’s part of the international law firm King & Wood Mallesons with headquarters in Hong Kong and 27 international offices spanning across Asia, Japan, Australia and Europe. Globally, the firm has over 2000 lawyers.   

 

Focusses / specialisms 

The firm is experienced in working for foreign and local clients on cross-border and domestic transactions in corporate and M&A and in banking and finance. One of its specialties is assisting foreign and domestic private equity funds on banking and corporate investments.    

In banking and finance it advises both lenders and borrowers on a broad spectrum of transactions, including financing, refinancing, debt restructuring, acquisition financing, mezzanine financing and project financing. 

In corporate and M&A it advises most often private equity funds but also shareholders and private companies on sales, acquisitions and joint ventures. It’s active in all industries, most notably in traditional energy and renewable energy. 

 

Key clients 

Among the clients of the firm are Banco Santander, European Investment Bank, EPD Energías de Portugal, EDP Renováveis, Asterion Industrial Partners, EDP Group, MAPFRE and Artá Capital.  

Lawesome Legal Services

Founded in 2013, Lawesome Legal Services is a corporate law firm with an office in Bilbao. It has a team of 22 lawyers.  

 

Focusses / specialisms 

The firm is focused on corporate and M&A work, advising mostly the sell side on acquisitions in various industries, including technology and telecommunications.   

   

Key clients 

Among the clients of the firm are Edujoy Entertainment, Speedinvest Iii Euveca And Talis Ventures Fund Eight, Ura Valencia, Aerolaser System, Iñigo Urretabizkaia, Mikel Urretabizkaia And Xabier Urretabizkaia, All Iron Ventures I, Fcr, And All Iron Ventures Technology, Ludus Technology and Training Business Network. 

 

Client feedback: 32nd edition (2022/2023) 

M&A 

"They were practical and straightforward. They defended the seller's position to a reasonable extent." 

 

Private equity 

"Lawesome is synonymous with security. Working with your team offers us a level of security and solvency that is essential when you execute the type of operations and economic transactions that we carry out." 

Lener

Lener is a boutique corporate law firmestablished in 1982. Today it has offices in Madrid, Barcelona, Oviedo, Vigo, Valladolid and Seville where around 300 professionals provide legal advice.   

 

Focusses / specialisms 

The firm is active in corporate and M&A and in restructuring and insolvency. In corporate and M&A it advises mostly the sell side on acquisitions while in restructuring and insolvency it advises active or insolvent entities on mostly business and debt restructuring.   

   

Key clients 

Among the clients of the firm are Cata Electrodomésticos, Banco de Sabadell, Teckel Medical, Comercial Autotractor, Emiade5, Ingeniería de Suelos y Explotación de Recursos, Specialized Technology Resources España Sau, Mar Abierto, Aldearoqueta, Sharing Muving, Prosucon, Jesda and Visibel Distribucion. 

 

Client feedback: 32nd edition (2022/2023) 

Financial restructuring 

“Professionals, proactive, customer advisory, new ideas and added value." 

 

M&A 

"They are able to get very involved with the customer needs and support us during the hole process with 100% engagement." 

Lesayra

Lesayra is a corporate law firm established in 2020 whose headquarters are located in Madrid. It’s a team of eight lawyers.  

 

Focusses / specialisms 

The firm is active in banking and finance, with a prolific record of refinancing transactions.  

In baking and finance it is advising the lending and the borrowing side on corporate as well as project financing, refinancing and acquisition financing.   

   

Key clients 

Among the clients of the firm are Banco Santander, Blue Sea Group, Banco Santander And Caixabank, Cofides, Ritmo Capital, Eurazeo Investment Manager, clínica Juaneda Group, Banco Santander, Metropolitano De Tenerife, Global Yachting Group, Bbva, Banco De Sabadell, Bankinter, Unicaja and Bankia. 

 

Client feedback: 32nd edition (2022/2023) 

Banking and finance 

"Proactive and with solutions to the problems that arise." 

 

Financial restructuring 

"Decisive 

knowledgeable about the subject 

very executive 

a very good team (gender equality)." 

Lopez-Ibor

Lopez Ibor Abogados is a business law firm, founded in 2000, with offices in Madrid and Valencia, Spain. It has a multidisciplinary team with more than 40 lawyers. 

 

Focusses / specialisms 

The firm advises foreign and domestic banks, companies and private equity funds on cross-border transactions in banking and finance, corporate and M&A and regulatory issues. 

It is active in a broad range of industries, including finance and fintech, aviation and banking. 

 

Key clients 

Among the clients of the firm are Bitpanda, Stemcor London, Telecom Invest, The Royal Bank of Scotland, DVB Bank, MUFG Bank, CEB, Jobchainand Coin Meester. 

Lupicinio International Law Firm

Lupicinio Abogados is a Spanish full-service law firm, established in 1979. It has offices in Madrid, Barcelona, Valladolid, Bilbao, Vigo, Dubai and La Habana. 

 

Focusses / specialisms 

The firm is experienced in advising foreign and domestic companies and banking and financial institutions in banking and finance, corporate and M&A, project development and restructuring and insolvency. 

 

Client feedback: 32nd edition (2022/2023) 

Insolvency  

"They're hard workers with a profound knowledge of the applicable law. They're very responsive and always make themselves available when requested by the client." 

"It knows the legal framework and the courts. Positive approach towards problems and always looking for solutions." 

Ontier

Ontier is an international law firm, founded in 1959 in Madrid, Spain. Its Spanish offices are located in Madrid, Oviedo, Santander and Sevilla. It also has a presence in Italy, Colombia, Brazil, Chile, Mexico, Paraguay, Peru, UK, USA, Venezuela, Italy and Dominican Republic. 


Focusses / specialisms

The firm provides legal services on capital markets, corporate and M&A, restructuring and insolvency, project development and litigations. It is active in various industries among which are energy, real estate, maritime transport and technology.

PwC Legal
 
 

PwC Spain is an international tax and law firm which established its Spanish office in 1998 in Madrid. It has four partners and 52 lawyers, based in Madrid and Barcelona, only. Today, it has 20 offices across the country, including Madrid, Barcelona, Santander, Valencia, Vitoria, Alicante, Oviedo, Sevilla, Vigo, Zaragoza and Santa Cruz de Tenerife.

 

Focusses / specialisms

The firm is known for its audit, tax and M&A practices. It has a track record in advising domestic and foreign clients on multi-million M&A transactions. It’s active in various sectors, including banking and finance, private equity and investment, healthcare, energy and real estate.  


Key clients

Among its clients are Centros Comerciales Carrefour, CBRE GWS, Otsu Group, Envatios World, Kohlberg Kravis Roberts, Ópticas del Penedés, El Corte Inglés, Supersol, R&W, Kohlberg Kravis Roberts, ASNEF, Otsu Group, CBRE GWS, Envatios World, Proeduca Altus and Gigas Hosting.

Rousaud Costas Duran

Founded in 2003, Rousaud Costas Duran is a law-firm with offices in Madrid, Barcelona and Valencia. It is comprised of 38 partners and 300 lawyers in Spain, alone. In 2019, it joined the board of DWF Ventures and the Board of DWF Connected Services.

 

Focusses / specialisms

The firm specializes in corporate and M&A, and in insolvency proceedings. It advises clients on M&A transactions, debt-restructurings and insolvency litigation.

Ventura Garcés

Ventura Garcés is a corporate law firm which established its office in 1952. It has offices in Madrid and Barcelona and a team of 12 people.   

 

Focusses / specialisms 

The firm is active in corporate and M&A. It is advising mostly the acquisition side on acquisitions, investments and corporate matters.    

   

Key clients 

Among the clients of the firm are Gasolineras Botarel, Winkler International and Ambro Invest. 

Ventura Garcés & López-Ibor

Ventura Garcés is a Spanish corporate law firm whose history dates back to 1952 when the first office of the firm was established in Barcelona. Today, it has offices in both Madrid and Barcelona.  

 

Focusses / specialisms

The firm is specialized in working on corporate law transactions such as acquisitions and sales, and on corporate and contractual issues. It’s experienced advising on the sell side and the buy side. It’s active across various industries, including healthcare, energy and technology.


Key clients

Among its clients are Winkler International, Tamoil España, Celio España Moda, Hema Spain, Canal Toys, Continental Autmotive Spain, Sphere Spain, Primion Digitek, Luxottica Spain, Luxottica Spain, Microport, Gasolineras Botarel, Ambro Invest, AD Salutem, CFT and UTSI International.


Client Feedback: 31st edition (2020/2021)    

Financial services regulatory                       

"They are well-organised, provide clear instructions and advice to our queries, they have the experience and knowledge of our industry (financial services/capital markets). "

 

M&A

"All lawyers of Ventura Garces provide an excellent 24/7 service and advice; with swift and practical and customised solutions according to the client's need. They are very specialised in what they do. Also, I am aware that a large part of their client base is international as they advise clients in Spanish, Catalan, English and French. "

"I have the pleasure to work with three partners of the firm and all I can say is that they are very well prepared to be able to advise the client, not only on commercial matters, but also in other areas such as intellectual property or litigation, among others. They all are very efficient and are well accustomed to achieving the best result even when working under great pressure. "

"My impression with the professionals that make up the firm is excellent, since they are very aware of all the issues that are currently going on in our company, they are great specialists in what they do, as well as perfectionists when it comes to working and giving advice."

 

Watson Farley & Williams

Watson Farley & Williams is a law firm which has opened its Spanish office in Madrid in 1982. Currently, it employs over 170 partners and over 550 lawyers in 17 offices across the country. It’s part of the international law firm Watson Farley & Williams, founded in London in 1952. 

 

Focusses / specialisms 

The firm is active in all areas of the corporate law and project development. 

It has a prolific record in advising lenders and sponsors on direct financing, debt-restructurings and project financing in several sectors but most notably in the renewable energy sector. 

Its capital markets practice stands out with examples of advising issuers on innovative tools such as renewables project bonds and green bonds but also includes traditional ones such as covered bond issues and renovation of EMTN programmes. 

In corporate and M&A it assists investment funds, corporates, financial institutions and industrial clients on acquisitions in the renewable energy and real estate sectors. 

In project development it advises developers and sellers on projects mainly in the renewable energy sector. 

 

Key clients 

Among the clients of the firm are Saeta Yield, Banco Santander, BBVA, CaixaBank, CIBC, ING, Intesa Sanpaolo, National Australia Bank and Siemens Bank, ADIF-Alta Velocidad, Q-Energy, Macquarie, Banco Sabadell, Taaleri Energia, Cubico Sustainable Investments, Caisse de dépôt et placement du Québec, Grupo T-Solar Global, Copenhagen Infrastructure Partners, Predica Enérgies Durables, Vortex Energy and Green Arrow Capital  

 

Client feedback: 32nd edition (2022/2023) 

Capital markets 

"Great knowledge on the subject and customer service" 

White & Case

White & Case is a full-service law firm with an office in Madrid. It’s part of the international law firm White & Case with 44 offices across 30 countries.

 

Focusses / specialisms

The firm is active in banking and finance and corporate and M&A. The legal teams consist of lawyers trained in Spanish, English and US law. It advises private equity funds, banks and financial institutions on cross-border bond issues, notes issues, direct financing, recapitalizations and M&A transactions.


Key clients

Among its clients are Banco Santander, Bank of America Merrill Lynch, The Bank of Nova Scotia, Babcock Mission Critical Services, Vauxhall Lending, Pfizer, FCC Aqualia, I Squared Capital, AMP Capital Investors, IHS Holding Limited, Filippo Maria Ubaldi, Laura Rienzi, Bridgepoint Capital Portfolio Companies – Diaverum and Symrise.


Client Feedback: 31st edition (2020/2021)  

Asset finance            

"Commercial. Expert. Hard-working. Understanding. "

 

Bank lending : Lender side              

"Solid knowledge of the applicable law, solution-oriented and reliability. "

"They are extremely practical and to the point. They are business-orientated and defend the commercial interest of their client."

"Top law firm for loans in Spain, Fernando knows exactly what we, the client, need - they take their time in understanding how they can be most useful to the client and then they deliver on that basis."

 

Banking and finance             

"Very responsive, helpful and commercial. Safe pair of hands. Trustworthy. "

 

Capital markets : Debt                      

"They are very international, good knowledge and expertise across the globe. Innovative. "

 

Capital markets : Equity                   

"International firm, global footprint, knowledge in the sector."

 

M&A               

"In a very difficult situation they were able to create a very creative situation that I have not seen before. And I have been an M&A lawyer in the past close to 15 years."

"International firm, global footprint, knowledge in the sector. "

"Strong expertise. Hard-working. Integrity."

"Very hands-on approach, partner personally drafting documentation - incredible negotiation skills with other party's legal counsel - very focused and efficient approach."

"W&C provide services of outstanding quality. They are very creative in the solutions proposed to the client. "

 

Project development : Infrastructure                       

"International footprint, great knowledge of the industry. "