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Editorial

Legal market overview

 

Portugal’s economy is slowly recovering, with the GDP growing, the unemployment rate slowly falling and the government deficit decreasing. An area of particular growth is the tourism sector, which has seen an increase of around 10% in the number of tourists visiting the country in both 2015 and 2016. As a result, there has been a noticeable spike in real estate-related work, a market that had previously been quiet. Additionally, international private equity funds are increasingly targeting the Portuguese market.

Local powerhouses include Morais Leitão, Galvão Teles, Soares da Silva & Associados, PLMJ, Law Firm and VdA Vieira de Almeida, while Iberian firms such as Cuatrecasas, Garrigues Portugal and Uría Menéndez – Proença de Carvalho also have a considerable presence. International firms frequently collaborate with multiple local players, while DLA Piper ABBC established its first office in the country in March 2017 following its merger with ABBC – Azevedo Neves, Benjamim Mendes, Carvalho & Associados. Linklaters and CMS have a long-established presence in the country. Some specialist firms have developed a standing in the market, such as tax boutique Rogério Fernandes Ferreira & Associados, R.L., and real estate and planning boutique Sofia Galvao Advogados.

The stable market has seen few senior moves in 2016, however Miguel de Avillez Pereira and Miguel Castro Pereira left Abreu Advogados to join Gómez-Acebo & Pombo, and Diogo Perestrelo and a team from Cuatrecasas departed for PLMJ, Law Firm.

 

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