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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
2026 Edition
Banking
Tier 1
34 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

Dentons
7 practice areas
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Herbert Smith Freehills Kramer
10 practice areas
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Latham & Watkins
8 practice areas
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White & Case
9 practice areas
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Tier 4

Addleshaw Goddard
7 practice areas
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Baker McKenzie
9 practice areas
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CMS Albiñana & Suárez de Lezo
12 practice areas
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Deloitte Legal
7 practice areas
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Hogan Lovells Cadwalader
11 practice areas
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Jones Day
7 practice areas
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Ramón y Cajal Abogados
12 practice areas
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Watson Farley & Williams
7 practice areas
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Tier 5

Andersen
4 practice areas
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Araoz & Rueda
11 practice areas
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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
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Lopez-Ibor
5 practice areas
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Lupicinio International Law Firm
5 practice areas
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RocaJunyent
6 practice areas
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Capital markets : Debt
Tier 1
19 firms ranked
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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
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Davis Polk & Wardwell
10 practice areas
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Pérez-Llorca
12 practice areas
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Tier 3

Dentons
7 practice areas
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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

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

DLA Piper
12 practice areas
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ECIJA
7 practice areas
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Capital markets : Equity
Tier 3
17 firms ranked
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Tier 1

Cuatrecasas
12 practice areas
View profile
Davis Polk & Wardwell
10 practice areas
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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
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White & Case
9 practice areas
View profile
Capital markets : Structured finance and securitisation
Tier 2
17 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

Dentons
7 practice areas
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KPMG
10 practice areas
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Simmons & Simmons
11 practice areas
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White & Case
9 practice areas
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M&A
Tier 1
44 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
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
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Bird & Bird
4 practice areas
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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
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Andersen
4 practice areas
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Cases Lacambra
6 practice areas
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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
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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
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
22 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

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
Restructuring and insolvency
Tier 2
32 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

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
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KPMG
10 practice areas
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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
Linked Reviews
Financial and corporate
A&O Shearman remains one of the leading international firms in the Spanish market, with a strong reputation for advising on complex cross-border transactions across banking and finance, capital markets, M&A, restructuring and infrastructure-related matters. The firm is regularly instructed on sophisticated domestic and international mandates involving major financial institutions, multinational corporates, private equity sponsors and infrastructure investors.

The practice is particularly recognised for its handling of large-scale financing transactions, strategic corporate matters and multijurisdictional work requiring coordination across numerous jurisdictions. Clients value the firm's ability to combine deep technical expertise with strong execution capabilities on matters involving financing, regulatory and transactional complexity.

Recent work highlights the firm's continued involvement in significant financing, restructuring and corporate mandates across a range of sectors, including financial services, infrastructure, energy, telecommunications and real estate. The team continues to play a prominent role advising lenders, borrowers, sponsors and corporates on transactions that frequently combine financing, capital markets and corporate elements.

The firm also maintains a strong profile in high-value cross-border work, where its international platform and sector expertise are frequently called upon by clients undertaking complex strategic transactions and financings. Its ability to provide integrated advice across multiple practice areas continues to reinforce its position as a trusted adviser on some of the Spanish market's most significant mandates.

Key clients

Banco Santander, Deutsche Bank, Blackstone, Repsol, Abertis
17 results17 results
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
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
ESG
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
New hires were made across the finance practices in New York, San Francisco, London and Milan
M&A
Paolo Nastasi, managing partner for Italy, delves into Q1 market trends, deal structures and how the firm is driving growth at a practice level
Regulations must be effective, not excessive, says OCC chief Rodney Hood
M&A
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
The UK managing partner reflects on her career and discusses the opportunities ahead for the firm, particularly in leveraged finance
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
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