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A&O Shearman

Spain

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Key practice areas
Banking and finance
Banking
Project finance
Capital markets
Capital markets : Debt
Capital markets : Equity
Capital markets : Structured finance and securitisation
Financial and corporate
Corporate and M&A
Restructuring and insolvency
M&A
Project development
Firm overview

A&O Shearman opened the Madrid office in 1991, at a time when the sophistication of the Spanish market, which reflected a simultaneous growth in the country's economy, required a quality focus, with national excellence and international reach.

Address:
Serrano 73
Madrid 28006
Tel:+34 91 782 98 00 Email:Contact Us Web Address:https://www.aoshearman.com/en
Rankings published in 2026
Banking
Tier 1
36 firms ranked
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Tier 1

A&O Shearman
12 practice areas
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Clifford Chance
12 practice areas
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Cuatrecasas
12 practice areas
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Garrigues
12 practice areas
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Linklaters
12 practice areas
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Uría Menéndez
12 practice areas
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Tier 2

DLA Piper
12 practice areas
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Freshfields
11 practice areas
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Gómez-Acebo & Pombo
9 practice areas
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Pérez-Llorca
12 practice areas
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Tier 3

Ashurst Perkins Coie
11 practice areas
View profile
Dentons
7 practice areas
View profile
Herbert Smith Freehills Kramer
10 practice areas
View profile
Latham & Watkins
8 practice areas
View profile
White & Case
9 practice areas
View profile

Tier 4

Addleshaw Goddard
7 practice areas
View profile
Baker McKenzie
9 practice areas
View profile
CMS Albiñana & Suárez de Lezo
12 practice areas
View profile
Deloitte Legal
7 practice areas
View profile
Hogan Lovells Cadwalader
11 practice areas
View profile
Jones Day
7 practice areas
View profile
Ramón y Cajal Abogados
12 practice areas
View profile
Watson Farley & Williams
7 practice areas
View profile

Tier 5

Andersen
4 practice areas
View profile
Araoz & Rueda
11 practice areas
View profile
Bird & Bird
4 practice areas
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Cases Lacambra
6 practice areas
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ECIJA
7 practice areas
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Lesayra
5 practice areas
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Squire Patton Boggs
5 practice areas
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Notable

Broseta Abogados
10 practice areas
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KPMG
10 practice areas
View full profile
Lopez-Ibor
5 practice areas
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Lupicinio International Law Firm
5 practice areas
View profile
RocaJunyent
6 practice areas
View profile
Zadal
3 practice areas
View profile
Capital markets : Debt
Tier 1
20 firms ranked
View full list

Tier 1

A&O Shearman
12 practice areas
View full profile
Clifford Chance
12 practice areas
View profile
Garrigues
12 practice areas
View full profile
Linklaters
12 practice areas
View profile
Uría Menéndez
12 practice areas
View full profile

Tier 2

Cuatrecasas
12 practice areas
View profile
Davis Polk & Wardwell
10 practice areas
View profile
Pérez-Llorca
12 practice areas
View full profile

Tier 3

Dentons
7 practice areas
View profile
Freshfields
11 practice areas
View profile
Gómez-Acebo & Pombo
9 practice areas
View full profile
Latham & Watkins
8 practice areas
View profile
Ramón y Cajal Abogados
12 practice areas
View profile

Tier 4

Ashurst Perkins Coie
11 practice areas
View profile
Baker McKenzie
9 practice areas
View profile
Hogan Lovells Cadwalader
11 practice areas
View profile
Watson Farley & Williams
7 practice areas
View profile
White & Case
9 practice areas
View profile

Notable

DLA Piper
12 practice areas
View profile
ECIJA
7 practice areas
View full profile
Capital markets : Equity
Tier 3
17 firms ranked
View full list

Tier 1

Cuatrecasas
12 practice areas
View profile
Davis Polk & Wardwell
10 practice areas
View profile
Garrigues
12 practice areas
View full profile
Linklaters
12 practice areas
View profile
Uría Menéndez
12 practice areas
View full profile

Tier 2

Freshfields
11 practice areas
View profile
Pérez-Llorca
12 practice areas
View full profile

Tier 3

A&O Shearman
12 practice areas
View full profile
Clifford Chance
12 practice areas
View profile
Gómez-Acebo & Pombo
9 practice areas
View full profile
Latham & Watkins
8 practice areas
View profile
Ramón y Cajal Abogados
12 practice areas
View profile

Tier 4

DLA Piper
12 practice areas
View profile

Notable

Baker McKenzie
9 practice areas
View profile
ECIJA
7 practice areas
View full profile
Hogan Lovells Cadwalader
11 practice areas
View profile
White & Case
9 practice areas
View profile
Capital markets : Structured finance and securitisation
Tier 2
18 firms ranked
View full list

Tier 1

Clifford Chance
12 practice areas
View profile
Cuatrecasas
12 practice areas
View profile
Garrigues
12 practice areas
View full profile

Tier 2

A&O Shearman
12 practice areas
View full profile
Linklaters
12 practice areas
View profile
Pérez-Llorca
12 practice areas
View full profile
Uría Menéndez
12 practice areas
View full profile

Tier 3

Baker McKenzie
9 practice areas
View profile
Gómez-Acebo & Pombo
9 practice areas
View full profile

Tier 4

DLA Piper
12 practice areas
View profile
Freshfields
11 practice areas
View profile
Hogan Lovells Cadwalader
11 practice areas
View profile
Ramón y Cajal Abogados
12 practice areas
View profile

Notable

Ashurst Perkins Coie
11 practice areas
View profile
Dentons
7 practice areas
View profile
KPMG
10 practice areas
View full profile
Simmons & Simmons
11 practice areas
View profile
White & Case
9 practice areas
View profile
M&A
Tier 1
46 firms ranked
View full list

Tier 1

A&O Shearman
12 practice areas
View full profile
Clifford Chance
12 practice areas
View profile
Cuatrecasas
12 practice areas
View profile
Garrigues
12 practice areas
View full profile
Linklaters
12 practice areas
View profile
Pérez-Llorca
12 practice areas
View full profile
Uría Menéndez
12 practice areas
View full profile

Tier 2

Freshfields
11 practice areas
View profile
Gómez-Acebo & Pombo
9 practice areas
View full profile
Latham & Watkins
8 practice areas
View profile

Tier 3

Addleshaw Goddard
7 practice areas
View profile
Baker McKenzie
9 practice areas
View profile
CMS Albiñana & Suárez de Lezo
12 practice areas
View profile
DLA Piper
12 practice areas
View profile
Dentons
7 practice areas
View profile
Herbert Smith Freehills Kramer
10 practice areas
View profile
Hogan Lovells Cadwalader
11 practice areas
View profile
Watson Farley & Williams
7 practice areas
View profile
White & Case
9 practice areas
View profile

Tier 4

Araoz & Rueda
11 practice areas
View profile
Ashurst Perkins Coie
11 practice areas
View profile
Bird & Bird
4 practice areas
View profile
Broseta Abogados
10 practice areas
View profile
Deloitte Legal
7 practice areas
View profile
Jones Day
7 practice areas
View profile
Lopez-Ibor
5 practice areas
View profile
Squire Patton Boggs
5 practice areas
View profile

Tier 5

AGM Abogados
4 practice areas
View profile
Andersen
4 practice areas
View profile
Cases Lacambra
6 practice areas
View profile
Chevez Ruiz Zamarripa
1 practice area
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ECIJA
7 practice areas
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Fieldfisher
3 practice areas
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KPMG
10 practice areas
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Navarro Abogados y Consultores
1 practice area
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Plana Ventura Garcés
2 practice areas
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RLD
3 practice areas
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Ramón y Cajal Abogados
12 practice areas
View profile

Notable

Bufete Escura
2 practice areas
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Lener
3 practice areas
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Lexcrea
1 practice area
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Lupicinio International Law Firm
5 practice areas
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Osborne Clarke
1 practice area
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Pinsent Masons
4 practice areas
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RocaJunyent
6 practice areas
View profile
Zadal
3 practice areas
View profile
Project development
Tier 2
20 firms ranked
View full list

Tier 1

Clifford Chance
12 practice areas
View profile
Cuatrecasas
12 practice areas
View profile
Garrigues
12 practice areas
View full profile
Uría Menéndez
12 practice areas
View full profile
Watson Farley & Williams
7 practice areas
View profile

Tier 2

A&O Shearman
12 practice areas
View full profile
Gómez-Acebo & Pombo
9 practice areas
View full profile
Linklaters
12 practice areas
View profile
Pérez-Llorca
12 practice areas
View full profile

Tier 3

Araoz & Rueda
11 practice areas
View profile
CMS Albiñana & Suárez de Lezo
12 practice areas
View profile
DLA Piper
12 practice areas
View profile
Dentons
7 practice areas
View profile
Herbert Smith Freehills Kramer
10 practice areas
View profile
Jones Day
7 practice areas
View profile

Tier 4

Baker McKenzie
9 practice areas
View profile
Freshfields
11 practice areas
View profile
Lupicinio International Law Firm
5 practice areas
View profile
Ramón y Cajal Abogados
12 practice areas
View profile

Notable

ECIJA
7 practice areas
View full profile
Project finance
Tier 1
24 firms ranked
View full list

Tier 1

A&O Shearman
12 practice areas
View full profile
Clifford Chance
12 practice areas
View profile
Cuatrecasas
12 practice areas
View profile
Garrigues
12 practice areas
View full profile

Tier 2

Gómez-Acebo & Pombo
9 practice areas
View full profile
Uría Menéndez
12 practice areas
View full profile
Watson Farley & Williams
7 practice areas
View profile

Tier 3

DLA Piper
12 practice areas
View profile
Herbert Smith Freehills Kramer
10 practice areas
View profile
Linklaters
12 practice areas
View profile
Pérez-Llorca
12 practice areas
View full profile

Tier 4

Addleshaw Goddard
7 practice areas
View profile
CMS Albiñana & Suárez de Lezo
12 practice areas
View profile
Deloitte Legal
7 practice areas
View profile
Freshfields
11 practice areas
View profile
Jones Day
7 practice areas
View profile
Ramón y Cajal Abogados
12 practice areas
View profile

Notable

Ashurst Perkins Coie
11 practice areas
View profile
Baker McKenzie
9 practice areas
View profile
EY
1 practice area
View profile
Lesayra
5 practice areas
View profile
Simmons & Simmons
11 practice areas
View profile
Squire Patton Boggs
5 practice areas
View profile
Zadal
3 practice areas
View profile
Restructuring and insolvency
Tier 2
33 firms ranked
View full list

Tier 1

Cuatrecasas
12 practice areas
View profile
Garrigues
12 practice areas
View full profile
Gómez-Acebo & Pombo
9 practice areas
View full profile
Uría Menéndez
12 practice areas
View full profile

Tier 2

A&O Shearman
12 practice areas
View full profile
Clifford Chance
12 practice areas
View profile
Freshfields
11 practice areas
View profile
Latham & Watkins
8 practice areas
View profile
Linklaters
12 practice areas
View profile

Tier 3

CMS Albiñana & Suárez de Lezo
12 practice areas
View profile
DLA Piper
12 practice areas
View profile
Deloitte Legal
7 practice areas
View profile
Herbert Smith Freehills Kramer
10 practice areas
View profile
Jones Day
7 practice areas
View profile
Pérez-Llorca
12 practice areas
View full profile
Simmons & Simmons
11 practice areas
View profile

Tier 4

Ashurst Perkins Coie
11 practice areas
View profile
Baker McKenzie
9 practice areas
View profile
Dentons
7 practice areas
View profile
Ramón y Cajal Abogados
12 practice areas
View profile

Tier 5

AGM Abogados
4 practice areas
View profile
Broseta Abogados
10 practice areas
View profile
Fieldfisher
3 practice areas
View profile
J Almoguera Abogados
3 practice areas
View profile
KPMG
10 practice areas
View full profile
RocaJunyent
6 practice areas
View profile
Squire Patton Boggs
5 practice areas
View profile

Notable

Andersen
4 practice areas
View profile
Hogan Lovells Cadwalader
11 practice areas
View profile
Lesayra
5 practice areas
View profile
Lupicinio International Law Firm
5 practice areas
View profile
Sue Abogados
4 practice areas
View profile
Watson Farley & Williams
7 practice areas
View profile
A&O Shearman
Linked Reviews
Financial and corporate

A&O Shearman was formed in May 2024 following the merger of two historic international law firms, Allen & Overy and Shearman & Sterling. The firm is recognised as one of the leading practices in Spain, advising on a broad range of domestic and cross-border transactions. The Madrid team is led by highly regarded partners Ignacio Ruiz-Cámara and Antonio Vázquez-Guillén. The firm enjoys a strong reputation in Spain, achieving top-tier rankings across its main practice areas.

Highlights 

The firm advised a syndicate of banks on the €1.2 billion debt refinancing of the PTI Group.

The firm also recently advised Deutsche Bank on a €932 million real estate refinancing of Blackstone entities and the liquidation of the FTA2015 Fund.

In M&A, the firm advised Repsol on the $19 million sale of a 25% stake in its upstream business by EIG. The team also advised Abertis on its €115 million acquisition of Autovia del Camino from UBS.

Testimonials

2025 
 
“Sector-specific legal expertise and knowledge, combined with high professionalism and quality of delivery” -Project finance

“They are very responsive and always available.” -Capital markets: Debt.

Álvaro Rojo is praised for his excellent product knowledge and his willingness to go the extra mile. -Capital markets: Debt.

Vanessa Cuellas is recognised for her sector expertise, legal knowledge, and high-quality delivery and service. -Project finance

Núria Ferré is noted for her sector expertise, legal knowledge, and high-quality delivery and service. -Project finance

2024 

" Quick answers and very reliable" (Banking Client)

16 results16 results
Javier Castresana
Firm:
A&O Shearman
Practice Area:
Restructuring and insolvency
Jurisdiction:
Spain
Bar Admission:
Spain
Vanessa Cuellas
Firm:
A&O Shearman
Practice Area:
Banking and finance
Project finance
Jurisdiction:
Spain
Industry Sector:
Energy
Bar Admission:
Spain
Bosco de Checa
Firm:
A&O Shearman
Practice Area:
M&A
Jurisdiction:
Spain
Íñigo del Val
Firm:
A&O Shearman
Practice Area:
Private equity
M&A
Jurisdiction:
Spain
Bar Admission:
Spain
Núria Ferré
Firm:
A&O Shearman
Practice Area:
Banking and finance
Jurisdiction:
Spain
Bar Admission:
Spain
Alfonso Gutiérrez
Firm:
A&O Shearman
Practice Area:
Capital markets : Structured finance and securitisation
Jurisdiction:
Spain
Bar Admission:
Spain
Juan Hormaechea
Firm:
A&O Shearman
Practice Area:
Banking
Capital markets : Structured finance and securitisation
Capital markets : Derivatives
Investment funds
Private equity
Restructuring and insolvency
Jurisdiction:
Spain
Bar Admission:
Spain
England & Wales
Ignacio Hornedo
Firm:
A&O Shearman
Practice Area:
Capital markets : Equity
M&A
Jurisdiction:
Spain
Bar Admission:
Spain
Pablo Méndez
Firm:
A&O Shearman
Practice Area:
Corporate and M&A
Jurisdiction:
Spain
Bar Admission:
Spain
Reka Palla
Firm:
A&O Shearman
Practice Area:
Corporate and M&A
Jurisdiction:
Spain
Bar Admission:
Spain
Charles Poole-Warren
Firm:
A&O Shearman
Practice Area:
Banking
Project finance
Capital markets : Debt
Jurisdiction:
Spain
Bar Admission:
Spain
England & Wales
Alvaro Rojo
Firm:
A&O Shearman
Practice Area:
Banking and finance
Capital markets
Jurisdiction:
Spain
Bar Admission:
Spain
Salvador Norberto Ruiz Bachs
Firm:
A&O Shearman
Practice Area:
Financial services regulatory
Jurisdiction:
Spain
Industry Sector:
Banking
Financial services
Bar Admission:
Spain
Ignacio Ruiz-Camara
Firm:
A&O Shearman
Practice Area:
Banking
Project finance
Capital markets : Structured finance and securitisation
Restructuring and insolvency
Jurisdiction:
Spain
Industry Sector:
Energy
Real estate
Social infrastructure
Bar Admission:
Spain
Jimena Urretavizcaya
Firm:
A&O Shearman
Practice Area:
Banking
Financial restructuring
Project finance
Jurisdiction:
Spain
Industry Sector:
Energy
Oil and gas
Bar Admission:
Spain
Thomas Wilkinson
Firm:
A&O Shearman
Practice Area:
Banking and finance
Jurisdiction:
Spain
Deal Highlights
61 results61 results
Deal Name Deal Date Firm Name Jurisdiction Deal Type Lawyer Names Client Names Client Role
Abanca Corporacion Bancaria SA - Bond Issue
2021-09-01
A&O Shearman
Spain
Bond issue
Crédit Agricole
Underwriter
Banco Santander - Bond Issue
2021-03-01
A&O Shearman
Spain
Bond issue
Banco Santander
Underwriter
CaixaBank - Bond Issue
2021-05-01
A&O Shearman
Spain
Bond issue
Commerzbank, CaixaBank, Crédit Agricole, Barclays, Mediobanca SpA
Underwriter
Fondo de Titulización -RMBS Prado VIII- - Bond Issue
2021-06-01
A&O Shearman
Spain
Bond issue
BNP Paribas, Banco Santander
Underwriter
Banco Santander - Bond Issue
2021-01-01
A&O Shearman
Spain
Bond issue
Bank of America Merrill Lynch
Underwriter
Banco Santander - Bond Issue
2021-06-01
A&O Shearman
Spain
Bond issue
Banco Santander
Issuer
Banco Santander - Bond Issue
2021-09-01
A&O Shearman
Spain
Bond issue
Banco Santander
Issuer
Banco de Sabadell - Bond Issue
2021-06-01
A&O Shearman
Spain
Bond issue
Banco de Sabadell
Issuer
Banco Santander - Bond Issue
2021-04-01
A&O Shearman
Spain
Bond issue
Banco Santander
Issuer
IBEREOLICA Wind S.A. - Bond Issue
2021-07-01
A&O Shearman
Spain
Bond issue
IBEREOLICA Wind S.A.
Issuer
Banco de Credito Social Cooperativo SA - Bond Issue
2021-05-01
A&O Shearman
Spain
Bond issue
BBVA - Banco Bilbao Vizcaya Argentaria, Bank of America Merrill Lynch, HSBC, Credit Suisse
Underwriter
CaixaBank - Bond Issue
2021-02-01
A&O Shearman
Spain
Bond issue
ABN AMRO Bank, Groupe BPCE, CaixaBank, UBS, Goldman Sachs
Underwriter
Arval Service Lease SA - Bond Issue
2021-09-01
A&O Shearman
Spain
Bond issue
BNP Paribas
Underwriter
Banco de Sabadell - Bond Issue
2021-01-01
A&O Shearman
Spain
Bond issue
Goldman Sachs, Banco de Sabadell, HSBC, Nomura, Citigroup, Crédit Agricole
Underwriter
BBVA - Banco Bilbao Vizcaya Argentaria - Bond Issue
2021-09-01
A&O Shearman
Spain
Bond issue
BBVA - Banco Bilbao Vizcaya Argentaria
Issuer
Fondo de Titulizacion Santander Consumo 4 - Bond Issue
2021-02-01
A&O Shearman
Spain
Bond issue
Banco Santander, Deutsche Bank, UniCredit
Underwriter
Banco de Sabadell - Bond Issue
2021-03-01
A&O Shearman
Spain
Bond issue
Banco de Sabadell
Issuer
Igenomix SL - M&A
2021-07-08
A&O Shearman
Spain
M&A
Igenomix SL
Target
Sandfire Resources Ltd. - M&A
2021-09-23
A&O Shearman
Spain
M&A
Sandfire Resources Ltd.
Buyer
Intermediate Capital Group plc - M&A
2021-03-22
A&O Shearman
Spain
M&A
Adolfo Zunzunegui, Elena Cortina, Ignacio Hornedo, Jaime Rodriguez, Juan Hormaechea, Marina Jimenez, Oscar Vives, Rafael Reyna, Regina Mozo de Rosales, Sara Sanz
Intermediate Capital Group plc
Buyer
1
of
4
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Corporate
Untitled-1 4.png
A&O Shearman creates EU chair role to boost client access
Tom Schoors will combine the new EU chair role with his post as Belgium managing partner, helping global clients to tap into the firm’s EU expertise across 16 offices
April 29 2026
ESG
Golden scales of justice, books, Statue of Lady Justice. Owl and
Agency interpretation survives Chevron deference rollback
Lawyers at A&O Shearman and Vinson & Elkins say that judges are approaching statutory interpretation differently following Loper Bright, but they are still paying attention to government arguments
Ralph Cunningham, July 29 2025
Banking
golden-gate-bridge.jpg
This week’s people moves: Akin, A&O Shearman and more
New hires were made across the finance practices in New York, San Francisco, London and Milan
Karry Lai, July 10 2025
M&A
MILAN,ITALY - CIRCA FEBRUARY 2020: Milan Italy, Porta Garibaldi District. Gae Aulenti Square. Unicredit Tower.
Italy M&A pulse: A&O Shearman talks opportunity and growth strategy
Paolo Nastasi, managing partner for Italy, delves into Q1 market trends, deal structures and how the firm is driving growth at a practice level
Noemi Distefano, July 03 2025
Banking
Modern tower buildings or skyscrapers in financial district with cloud on sunny day in Chicago, USA. Construction industry, business enterprise organization, or communication technology concept
IFLR weekly roundup: OCC confirms plans to simplify capital requirements rules for US banks
Regulations must be effective, not excessive, says OCC chief Rodney Hood
Noemi Distefano, June 05 2025
M&A
yoga
EU merger guidelines makeover: clearer rules, trickier game
As the European Commission seeks input on updating its 20-year-old merger rules, focusing on traditional competition metrics will no longer be enough, lawyers say
Noemi Distefano, June 05 2025
Banking
Gibson_Denise-3004249_Web.jpg
A&O Shearman’s Denise Gibson: ‘I got comfortable being uncomfortable’
The UK managing partner reflects on her career and discusses the opportunities ahead for the firm, particularly in leveraged finance
Karry Lai, May 14 2025
Capital Markets
w
Behind the deal: How A&O Shearman secured a landmark green bond transaction
Partner Tom Grant discusses the legal innovation behind the first Solvency II-compliant restricted tier 1 bond issuance in Portugal and how it can help the firm to win more work
Noemi Distefano, April 30 2025
Sponsored

Sponsored

  • IFLR1000
    Sponsored by Radu Tărăcilă Pădurari Retevoescu SCA (RTPR)
    Romania: RTPR advises MidEuropa and Regina Maria management on the sale of Regina Maria Group to Mehiläinen
    RTPR has assisted the private equity fund MidEuropa on the sale of Regina Maria Group to Mehiläinen in the largest ever healthcare services transaction in Central Europe. Regina Maria Group is the leading integrated private healthcare network in Romania, offering a wide range of multi-specialty outpatient healthcare services and hospital services, serving over 2 million patients annually via its 300-unit network.
    Radu Tărăcilă Pădurari Retevoescu SCA (RTPR) - Romania, April 01 2025
  • IFLR1000
    Sponsored by Radu Tărăcilă Pădurari Retevoescu SCA (RTPR)
    Romania: Promotion at RTPR: Energy expert Bogdan Cordos is promoted to Partner at RTPR
    Bucharest, 21 January 2025: RTPR announces the promotion of Bogdan Cordos to Partner. He joins the team of 8 partners consisting of Costin Taracila, Victor Padurari, Alexandru Retevoescu, Mihai Ristici, Valentin Berea, Roxana Ionescu, Alina Stavaru and Cosmin Tilea.
    Radu Tărăcilă Pădurari Retevoescu SCA (RTPR) - Romania, January 21 2025
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    Romania: RTPR starts 2025 with record-breaking deal getting closed: MidEuropa completes EUR1.3bn Profi exit in largest ever private equity deal in Romania
    RTPR has assisted the private equity fund MidEuropa and its (former) portfolio company, Profi Rom Food, on the closing of the sale of Profi to Ahold Delhaize in respect of Romanian law matters of the transaction. Profi is a leading traditional grocery retailer in Romania, having over 28,000 employees and a network of more than 1,750 stores, operated both directly and in partner system, with Profi Super, Profi City, Profi Go and Profi Loco as main formats.
    Radu Tărăcilă Pădurari Retevoescu SCA (RTPR) - Romania, January 03 2025
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