Madrid, Spain

Latham & Watkins is set to boost its Madrid office with the hire of long-serving Linklaters real estate partner Rafael Molina.

The move, which comes on the back of Latham’s hire of former DLA Piper global co-chair Juan Picon last November, will be the latest in a string of Magic Circle recruits for the U.S. firm, including Linklaters London financial regulation partner Carl Fernandes, whose hire was announced last month.

Molina has been a partner at Linklaters since 2004, having joined in 2002 from local firm Uria Menendez. He is highly rated in the Spanish real estate market and advises investors, developers and financial institutions on transactions such as the financing, restructuring and disposal of real estate assets.

Picon, who was recruited to be Latham’s Spanish managing partner in November of last year, set the stage for more partner moves to Latham: two DLA Madrid corporate partners—Spanish corporate head Jose Antonio Sanchez-Dafos and capital markets partner Ignacio Gomez-Sancha—also joined the firm.

Latham is continuing to expand its Madrid base under Picon’s leadership. In April it added Linklaters counsel Naiara Rodriguez-Escudero as a partner in its benefits, compensation and employment practice. Former Spanish Prime Minister Jose Maria Aznar has also been appointed as a senior adviser to the U.S. firm after stepping down from his role as an adviser to DLA Piper’s global board.

Earlier this year Latham also made a key Magic Circle hire in Germany, with the addition of Freshfields Bruckhaus Deringer M&A partner Tobias Larisch in Duesseldorf.

Latham & Watkins declined to comment. Linklaters did not respond to a request for comment.