Spanish law firms have had to slim down since the economic crisis hit the country, but increases in tax, labour and real estate work and a renewed focus on South America may see confidence return to the market, says Dominic Carman
“The years leading up to 2007 were an espejismo in terms of work and fee levels,” says Manuel Martin, managing partner of Gomez-Acebo & Pombo. “We are still adjusting to the new normal. But whereas two years ago nobody was thinking about Spain as a good place to invest, now it is completely different.”
