
Sérvulo & Associados leverages its ‘excellent technical skills’ and ’in-depth knowledge of the regulatory framework’ to advise on regulatory compliance, transactions, fintech, corporate governance, asset management and investment funds. The practice is jointly led by Manuel Magalhães alongside Paulo Câmara, renowned for his ‘unparalleled’ expertise in financial regulation, governance and regulated markets, as well as ESG matters. Patricia Costa Gomes is a trusted contact for debt restructuring, compliance and institutional finance. Francisco Soares Machado arrived from Cuatrecasas in December 2025, bringing experience in regulated markets and public offerings of securities in equity and debt capital markets.
Legal 500 Editorial commentary
Testimonials
Collated independently by Legal 500 research team.
- ‘Excellent technical skills, responsiveness, problem-solving ability, proactivity, and rigour.’
- ‘Sérvulo has assisted us in the regulatory area since our establishment, and they have maintained the same availability to clients and sophistication in their technical and legal solutions.’
- ‘The capital markets team at Sérvulo & Associados demonstrates great rigour in supporting regulatory compliance. The department closely monitors regulatory updates and provides clients with clear and well-founded guidance.’
- ‘Sérvulo & Associados provides a service of excellence, anchored in close relationships with clients, understanding their needs, and seeking the legal solution that best satisfies their interests with unparalleled rigour and technical quality.'
- 'Availability, proximity, commitment, and technical quality are the main distinguishing characteristics of Sérvulo.’
- ‘Paulo Câmara is a distinguished lawyer and law professor, with profound theoretical and practical knowledge of capital markets and banking law, possessing unparalleled technical expertise and highly refined legal reasoning. He also manages to build a close relationship with his clients, allowing him not only to understand their objectives but also to instil confidence in their management of the matters entrusted to him, given his constant presence in the direction, discussion, and monitoring of the subject.’
Key clients
- EDP - Energias de Portugal, S.A.
- Plural Markets
- HCapital Partners – SCR, S.A.
- Bluecrow Capital – Empresa de Investimento, Unipessoal, Lda.
- The Sustainability Network
- EFFIZENCY, S.A.
- 2TM
- CREST CAPITAL PARTNERS
- LYNCEUS EUROPE
- IMGA
- Norfin
Work highlights
Advised Bluecrow Capital on the registration of a crowdfunding platform with the Portuguese Securities Market Commission (CMVM).
Advised EDP, the largest publicly listed company in Portugal, on regulatory obligations, ESG, corporate governance, and strategic board matters.
Advised HCapital Partners – SCR, S.A. on the structuring, negotiation, and successful sale of its stake in Quantal, S.A., a precision metalworking and engineering company specialising in prototype and automotive series production.
Lawyers
Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.

Practice head
Paulo Câmara; Manuel Magalhães
Other key lawyers
Francisco Barona; Francisco Boavida Salavessa; Patrícia Costa Gomes; Francisco Soares Machado
