'Big Three' Spanish Law Firms Returning To Growth

Announcement of Cuatrecasas´ results confirms Spain´s major firms are growing again due to foreign investor interest in the country´s energy, real estate and telecoms sectors.

Cuatrecasas, Gonçalves Pereira recently became the last of the "Big Three" Spanish law firms to announce its 2014 results and, in doing so, confirmed that all of the country´s legal market heavyweights have returned to growth.

Cuatrecasas announced that the firm´s 2014 billings increased by almost three per cent to €255.4 million, a new record for the firm. The firm´s corporate and commercial practice contributed the largest share of revenue with 35.4 per cent, while the tax practice contributed 32.1 per cent. The litigation practice contributed 22.6 per cent of the total, with the labour and employment practice responsible for 9.9 per cent.