Competition enforcement in Spain has weakened due to uncertainty surrounding the country's competition authority, though it has increased significantly in Portugal – meanwhile, the EU directive on antitrust damages will make clients less likely to apply for leniency

The new way of negotiating TV football rights in Spain means many clubs are now considerably wealthier than they were just a few years ago – as these clubs become run in a considerably more professional manner, so opportunities for lawyers are increasing

Banking and finance lawyers claim that, in general, the market is improving and that there are currently good opportunities for law firms.

Major law firms in Madrid grew in the last year with transactional activity driving healthy increases in revenue – however fee pressure persists, while the ‘war for talent' escalates.

In this context, some lawyers suggest that law firms could cease investing in their tax departments because of the potential liabilities or even go as far as to scrap them altogether.

Even some of Iberia's biggest businesses are still not properly addressing the issue of compliance, yet lawyers sometimes face the challenge of convincing them that their reputation could be at risk ...

The Iberian financial sector is generating plenty of disputes, but while this may be lucrative work for lawyers in Lisbon, it is less so for those in Madrid

The workflow for law firms in Madrid is looking much healthier than it did 12 months ago – however, this is posing difficulties for managing partners who now have to consider the best way to...

This emergence of a new TMT landscape in Portugal will have a dramatic impact on regulatory frameworks, say lawyers, and will therefore create many opportunities for law firms.

With competition intensifying, and greater commoditisation of services, making compliance a profitable area of practice is, for some firms, increasingly hard work.

Law firms that defend clients in class actions are buckling under the weight of the thousands of claims they have to contend with – consequently they face the choice of turning down work due to lack of resources or bolstering their teams to meet demand

Investors are currently involved in a fierce battle to acquire assets in Spain, but with many clients worried about failing to complete transactions, they are becoming more inclined to negotiate...

In the early part of 2017, it was all going so well for M&A lawyers, with international investors competing to snap up the best assets in Iberia; but then came the crisis in Catalonia, which has left investors feeling nervous

Managing partners in Madrid say that, given the revival in the Spanish economy, firms have to take this opportunity to reinvent the way they do business.

Lisbon's law firms demonstrated impressive resilience during the crisis, but while the economic outlook is considerably brighter, managing partners must now guide their firms through unchartered waters.

Exactly how the international business of Spanish and Portuguese law firms will be impacted by Brexit is, as yet, unclear.

The banking and finance sector is generally considered to evolve at a very slow pace, but could there be a revolution on the horizon?

While law firms report some growth litigation, the increase in arbitration has been much more dramatic.

Employment lawyers say they are doing less collective dismissal-related work, but does this mean the economy is recovering or are clients simply more inclined to handle employment matters in-house?

As public opposition to tax avoidance schemes hardens, companies' tax structures are coming under increasing scrutiny and could potentially lead to a public relations disaster that could damage their reputation.