Portugal’s bailout has depressed activity in the country. While fees will be hit, lawyers are welcoming the prospect of working on bumper privatisations and activity thrown up by the crisis, writes Toby Lewis
The bailout accepted by Portugal’s government in May is expected to hit law firms in the country in many ways. Above all, lucrative project finance work and M&A activity is expected to take a hit, while there is also substantial pressure on fees and even the ability of clients to pay for commissioned work.
