If you read almost any but the most up-to-date information concerning the Portuguese legal market, the chances are that it will have been rendered obsolete by the astonishing rate of mergers and growth of the big-name firms that dominate corporate and commercial transactions in Lisbon.

In 2004, a wave of activity was kick-started by one of the members of Portugal’s ‘magic circle’, Morais Leitao J Galvao Teles & Associados, when it merged with respected M&A and financial services boutique Miguel Galvao Teles Joao Soares da Silva & Associados.