Iberia: More to come
Despite their tradition of fierce independence, Portuguese firms have reacted pragmatically to the recent influx of foreign firms into their market. Sophie Evans reports
This year, Portugal marks the 30th anniversary of the revolution that saw democracy ushered in. The revolution among Lisbon’s lawyers came two decades later; sole practitioners began in the late 1980s and early ’90s to group together to share costs and create partnerships. Major mergers are still taking place in the market, a sign that the Portuguese market still has some way to go before it can be declared mature.
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