Legal Business

Spanish leaders Uría and Cuatrecasas hike fees as confidence returns to battered market

Despite Spanish M&A values dropping significantly in 2013 and amid the country’s continuing well-publicised debt crisis, two of Spain’s big four law firms have reported an uptick in turnover as a note of optimism returns to Europe’s fourth-largest jurisdiction.

Deal value in 2013 was down from $47.6bn to $32.2bn, according to mergermarket, but with a substantially improving pipeline post summer 2013, Uría Menéndez last month reported the strongest growth of the four: a 2.9% increase in revenues for 2013.