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2026 Edition
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
ECIJA has developed a distinctive position in the Spanish market through its combination of corporate, regulatory and transactional expertise, with particular strength in sectors undergoing rapid transformation and increased regulatory scrutiny. The firm is regularly instructed by listed companies, financial institutions and investment groups on corporate transactions, governance matters, financing mandates and strategic business reorganisations.

The practice is noted for its work at the intersection of corporate, financial and regulatory matters, where clients value its ability to provide commercially focused advice on complex transactions. The firm is particularly active in corporate advisory work, M&A transactions and financial regulatory matters, and continues to attract mandates from companies operating in highly regulated industries and growth sectors.

Recent work highlights ECIJA's role advising corporates, investors and listed companies on strategic transactions, financing matters and corporate governance issues. The firm has maintained a strong presence in the mid-market while continuing to advise on sophisticated mandates involving public companies, investment vehicles and regulated businesses.

Clients frequently turn to the firm for its practical approach, responsiveness and ability to combine transactional execution with ongoing strategic and regulatory advice. Its continued activity across corporate, finance and regulatory mandates reinforces its position as a trusted adviser to a broad range of Spanish and international businesses.

Key clients

Promotora de Informaciones (PRISA), Inmocemento, Realia Business, Cox ABG Group, Fomento de Construcciones y Contratas (FCC), Arcano Asset & Capital Finance.
Garrigues remains one of the leading firms in the Spanish market, with a strong presence across banking and finance, capital markets, M&A, project finance and restructuring. The firm continues to advise major domestic and international clients on complex, high-profile matters, demonstrating particular strength where financing, regulatory and corporate issues intersect.

The breadth of the practice is reflected in its work for financial institutions, corporates, infrastructure sponsors and investors. Clients consistently highlight the firm's technical excellence, commercial approach and ability to manage sophisticated transactions across multiple practice areas. The team is particularly noted for handling complex financings, strategic corporate transactions, project developments and special situations mandates, while maintaining a strong reputation for responsiveness and practical problem-solving.

The firm remains especially active in sectors undergoing significant transformation, including energy, infrastructure, telecommunications and financial services. Its involvement in major financing, restructuring and investment mandates, combined with a deep bench of specialists, continues to reinforce its position as a trusted adviser on some of Spain's most challenging and strategically important matters.

Clients frequently praise the firm's attention to detail, availability and ability to provide commercially focused advice on complex issues. Feedback also points to the firm's strength in coordinating multidisciplinary teams and delivering consistent service across a broad range of transactions and disputes.

Key clients

BBVA, Banco Santander, Deutsche Bank, Crédit Agricole, Sacyr

Testimonials

"They are in a different league." (Project finance)

"The team demonstrates knowledge, commitment, availability and creativity." (M&A)

"They are the most professional in the market, with deep knowledge and the imagination to propose practical solutions." (Restructuring)

"Very responsive, high-quality advice." (Banking and finance)

"Garrigues consistently delivers high-quality legal advice supported by deep market knowledge and excellent client service." (Capital markets)
Gómez-Acebo & Pombo continues to strengthen its position as a leading independent Spanish firm, particularly across banking and finance, restructuring, debt capital markets and complex cross-border transactions. The firm has remained highly active on many of the market's most sophisticated financings and restructurings, regularly acting for leading banks, private credit providers, infrastructure investors and multinational corporates on matters requiring coordination across multiple jurisdictions.

The firm's international platform continues to play an important role in its transactional practice, particularly on mandates involving international lenders, private credit funds and alternative capital providers. Recent strategic hires have further strengthened the banking and finance offering, while the firm's restructuring practice has gained increasing visibility on several of Spain's most significant distressed and recapitalisation situations.

Recent work highlights the breadth of the practice. The firm advised clients including Banco Santander, Bank of America, ING, CaixaBank, PAI Partners, Celsa, Intrum, Duro Felguera, Grupo Ignis on financing, restructuring, capital markets and project development mandates. The team has been particularly active in lender-led restructurings, energy and infrastructure financings, sustainability-linked transactions and debt capital markets matters, reflecting its strength across both transactional and special situations work.

The firm also continues to build a strong profile in sectors experiencing significant investment activity, including renewable energy, infrastructure, digital assets and energy-transition projects. Its ability to combine financing, restructuring, regulatory and capital markets expertise has helped position Gómez-Acebo & Pombo as a trusted adviser on some of the most complex and strategically significant matters in the Spanish market.

Key clients

Banco Santander, BBVA, CaixaBank, ING, Bank of America, PAI Partners, Celsa, Intrum, Grupo Ignis, NextEnergy Capital, Telepizza, Aquila Group.
KPMG Abogados has built a strong profile in the Spanish restructuring and insolvency market, with a practice that combines legal, tax and financial advisory expertise on some of the country's most complex distressed situations. The firm is particularly active on restructuring plans under Spain's updated insolvency regime, advising debtors, creditors, investors and court-appointed stakeholders across a broad range of sectors.

The practice was further strengthened during the year through the arrival of restructuring and insolvency partner Alexandra Borrallo, formerly of Clifford Chance, and financial services partner Leovigildo Domene, who joined from Deloitte Legal. These additions reinforce the firm's multidisciplinary approach and growing presence on sophisticated restructuring, insolvency and regulatory mandates.

Recent work demonstrates the breadth of the team's capabilities across both transactional restructurings and contentious proceedings. KPMG advised Gestora Blue Sea, a subsidiary of Portobello, on the acquisition of the Spanish businesses of Meeting Point Group through court-approved restructuring plans, showcasing the increasing use of restructuring mechanisms as an M&A tool. The team also played a central role in the restructuring of Grupo Rator, one of the most significant restructuring processes in the Spanish market following Celsa, and continues to advise on high-profile matters involving Riba Mundo Tecnología, Frime and Montronill. In parallel, KPMG remains active in precedent-setting restructuring litigation, representing CaixaBank in challenges concerning restructuring plans and insolvency proceedings involving companies including Solarprofit, Aceites de Semillas and Kivnon.

The firm's work highlights its strength in navigating complex creditor negotiations, court-approved restructuring plans, distressed M&A transactions and insolvency-related disputes. Its ability to combine legal, tax and financial expertise continues to distinguish it in a market where multidisciplinary execution is increasingly critical.

Key clients

CaixaBank, Gestora Blue Sea (Portobello), Grupo Rator, Riba Mundo Tecnología, Frime, Montronill, Banco Santander
Pérez-Llorca continues to strengthen its position as one of Spain’s leading business law firms, with a particularly strong profile across banking and finance, capital markets, restructuring and complex corporate transactions. The firm is regularly instructed by major financial institutions, sponsors and corporates on some of the market’s most sophisticated domestic and cross-border mandates, particularly where regulatory, financing and transactional issues intersect.

The breadth of the practice is reflected in its work for clients including Banco Santander, BBVA, ING, Goldman Sachs, ABANCA, CaixaBank, Naturgy, MFE, HBX Group, Blackstone, Lone Star Funds and Telefónica. The firm has remained active across acquisition and real estate finance, regulatory capital transactions, securitisations, public company mandates, restructurings and strategic infrastructure and development projects.

Recent work highlights the firm’s continued involvement in significant financing transactions, public market matters, restructuring mandates and large-scale investment projects. The practice is particularly noted for its ability to coordinate complex multi-jurisdictional matters and provide integrated advice across finance, capital markets, corporate, regulatory and restructuring disciplines.

The firm has also continued to expand in areas experiencing strong market activity, including digital infrastructure, data centres, energy transition projects and restructuring matters. This combination of transactional depth, technical expertise and sector coverage continues to make Pérez-Llorca a prominent adviser on many of Spain’s most challenging business and financing matters.

Key clients

Banco Santander, ING, BBVA, Goldman Sachs, ABANCA, CaixaBank, Naturgy, MFE, HBX Group, Blackstone, Lone Star Funds, Telefónica.

Ramón y Cajal Abogados was founded in 1986 and is a full-service Spanish law firm with offices in Madrid and Barcelona. The firm advises domestic and international clients on corporate, financial and regulatory matters.

Highlights: The firm is active in corporate and M&A, banking and finance, capital markets, project finance and restructuring and insolvency. Its work includes advising banks, investment firms and corporates on bond and note issuances, financings, restructurings and project development, with notable activity in renewable energy, real estate and financial services.

RLD
RLD has a strong profile for mid-market M&A and strategic corporate transactions. The team is particularly active in advising founder-led businesses and corporate groups on acquisitions, disposals and expansion projects, with recent mandates demonstrating experience in multi-stage investment structures and acquisition programmes.

Managing partner and founder Rafael López-Diéguez Gamoneda remains a central figure in the practice, supported by a team that combines transactional execution with ongoing corporate advisory work. The firm's recent matters suggest particular strength in handling buy-and-build strategies involving multiple targets and complex commercial arrangements.

The team advised Credema Pet and its subsidiary Recordarte y Sonreír on a series of acquisitions in the animal cremation and incineration sector, including transactions featuring deferred and EBITDA-linked consideration mechanisms. RLD also advised Grupo Viamed on its acquisition of Lyx Urology, a transaction structured through phased ownership acquisitions. These matters reflect the firm's experience in delivering commercially focused M&A advice on growth-driven transactions.

Key clients

Credema Pet, Recordarte y Sonreír, Grupo Viamed
Uría Menéndez remains one of the most influential firms in the Spanish market, with a leading position across banking, capital markets, M&A, private equity and project finance. The firm continues to advise many of Spain's largest corporates, financial institutions and investors on high-value and strategically important transactions, and is widely regarded as a first-choice adviser for complex domestic and cross-border mandates.

Managing partner Salvador Sánchez-Terán leads a deep bench of practitioners regularly praised for combining technical excellence with commercial judgement. Clients consistently highlight the firm's responsiveness, partner involvement and ability to coordinate multiple stakeholders across large and demanding transactions. The team is particularly recognised for delivering practical, solution-oriented advice while maintaining momentum on sophisticated and time-sensitive matters.

Recent mandates reinforce the firm's position at the top end of the Spanish and European markets. The team advised Neinor Homes on the €765 million financing supporting its public takeover of Aedas Homes, one of the most significant real estate transactions of the year. It also acted as global lead counsel to Crédit Agricole CIB and AXA IM on the €715 million financing for Nido Living's acquisition of a student accommodation and flex-living portfolio across Spain and Portugal. Other notable mandates included advising RoundShield Partners on a €525 million facility for hospitality developments in Marbella, Value Retail on the refinancing and expansion financing of La Roca Village and Las Rozas Village, and a syndicate of lenders led by CaixaBank on a €260 million financing for one of Spain's largest flex-living developments. These matters demonstrate the firm's strength across acquisition finance, real estate finance, private capital and cross-border transactions, as well as its ability to advise on some of the market's largest and most sophisticated financings.

Clients frequently cite the firm's rigorous due diligence, high-quality drafting and negotiation capabilities, practical risk assessment and strong commercial awareness. Uría is regularly preferred to other leading domestic and international firms for the consistency of its service, depth of expertise and partner-led approach, particularly on high-value M&A and private equity transactions.

Key clients

Banco Santander, Banco Sabadell, BBVA, CaixaBank, Crédit Agricole CIB, KKR, CVC, Criteria Caixa, Iberdrola, Cellnex, Neinor Homes, Value Retail, Lar España, eDreams Odigeo, Verisure, InfraCapital, GPF Partners, Citigroup Global Markets, Ardian, Repsol, BlackRock.

Testimonials

"The team is highly valued for its commercial, practical and solution-led advice."

"One of the most knowledgeable and active firms in Spain for sophisticated transactions."

"Strong reputation for responsiveness, reliability and availability under pressure."

"Excellent project management and ability to coordinate multiple stakeholders while maintaining momentum."

"Compared to competitors, Uría delivers higher quality, stronger partner engagement and greater consistency of service." (M&A practice area).

Gómez-Acebo & Pombo
9 practice areas
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Gómez-Acebo & Pombo has been providing legal advice across all areas of business law since 1971. Over more than five decades, the firm has established itself as an international benchmark across a wide range of industries. Today, it brings together more than 300 lawyers across its offices in Barcelona, Brussels, Bilbao, Lisbon, London, Madrid, New York, Valencia, and Vigo.

Our firm combines deep expertise in every area of business law with strong sector-specific knowledge, enabling us to deliver strategic, business-oriented advice tailored to our clients’ needs. An international outlook is part of our DNA, reflected not only in our cross-border capabilities but also in the global perspective we bring to every mandate.

Pérez-Llorca
12 practice areas
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Pérez-Llorca is a distinguished international law firm with operations spanning Spain, Portugal, and Mexico. Renowned for its high-end legal advice, the firm excels in major market transactions and complex disputes. With a robust presence in key global financial centers, including Barcelona, Brussels, Lisbon, London, Madrid, Mexico City, Monterrey, New York, and Singapore, Pérez-Llorca offers comprehensive legal services across multiple jurisdictions in Europe, the Americas, and Asia.

The firm prides itself on its multidisciplinary approach, covering a wide array of practice areas such as Administrative Law, Antitrust and Competition, Arbitration, Banking and Finance, Capital Markets, Corporate Governance, Corporate/M&A, Employment, Energy, Environment, ESG Criteria and Climate Change Regulation, EU Law, Financial Services, Infrastructure, Insurance, Intellectual Property, Litigation, Private Equity, Real Estate, Restructuring & Insolvency, Tax, TechLaw, and White Collar Crime and Investigations.

Pérez-Llorca's team is composed of nearly 500 lawyers and over 800 professionals who are dedicated to delivering exceptional legal solutions tailored to the specific needs of their clients. The firm's commitment to innovation and continuous adaptation to market trends ensures they remain at the forefront of the legal industry. Their lawyers undergo constant training, emphasizing the firm's dedication to professional excellence and ethical standards.

Garrigues
12 practice areas
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Garrigues is a full-service, independent law firm. Based in Spain (18 offices) and in 12 other countries, five of them in Latin America, it excels in virtually every area of practice. Its integrated approach allows the firm to provide clients with a full perspective, combining transactional, regulatory and tax implications in every assignment.

RLD
3 practice areas
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Founded in 1989, RLD is a corporate boutique law firm specialised in: 

  • Mergers and Acquisitions
  • Internationalization of Companies
  • Corporate advisory

We also provide sports law advise to a wide range of clients as well as providing services in litigation and arbitration in domestic and international fields

RLD has built a large range of best friends’ law firm relationships which enables the firm to offer legal and corporate consultancy services around the world.

Since 2012, RLD is the first Spanish-speaking firm with offices in Dubai and Abu Dhabi, with local and Spanish permanent team in UAE.

A&O Shearman
12 practice areas
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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.

KPMG
10 practice areas
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KPMG firms operate in 143 countries and territories, and in FY23, collectively employed more than 270,000 people, serving the needs of business, governments, public-sector agencies, not-for-profits and through KPMG firms' audit and assurance practices, the capital markets. KPMG is committed to quality and service excellence in all that we do, bringing our best to clients and earning the public's trust through our actions and behaviors both professionally and personally.

We lead with a commitment to quality and integrity across the KPMG global organization, bringing a passion for client success and a purpose to serve and improve the communities in which KPMG firms operate. In a world where rapid change and disruption are the new normal, we inspire confidence and empower change in all we do.

Uría Menéndez
12 practice areas
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Founded in the 1940s, Uría Menéndez has since become one of the most prestigious international law firms. Our capacity for innovation, our profound analysis of the law and our unwavering respect for deontological ethics have all made Uría Menéndez one of the leading firms across the Iberian and Latin American markets.

Other offices: Barcelona, Bilbao, Bogotá, Brussels, Lima, Lisbon, London, Porto, Santiago de Chile, Valencia

ECIJA
7 practice areas
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Spain
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Deal Highlights
791 results791 results
Deal Name Deal Date Firm Name Jurisdiction Deal Type Lawyer Names Client Names Client Role
Banco Santander - Bond Issue
2021-01-01
A&L Goodbody
Spain
Bond issue
Banco Santander
Issuer
Banco Santander - Bond Issue
2021-03-01
A&L Goodbody
Spain
Bond issue
Banco Santander
Issuer
Banco Santander - Bond Issue
2021-05-01
A&L Goodbody
Spain
Bond issue
Banco Santander
Issuer
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
Repsol SA - Bond Issue
2021-05-01
Arendt & Medernach
Spain
Bond issue
Repsol SA
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
Banco Santander - Bond Issue
2021-04-01
BAHR
Spain
Bond issue
Banco Santander, Bank of America Merrill Lynch, BNP Paribas, Deutsche Bank, Crédit Agricole, Credit Suisse, JP Morgan Chase, Citigroup, Barclays, Goldman Sachs, Morgan Stanley, Commerzbank, HSBC, Groupe BPCE, Société Générale, Mizuho Bank, UBS, Nomura, UniCredit, Royal Bank of Scotland Group, Wells Fargo
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
Grupo Antolin-Irausa - Bond Issue
2021-06-01
Cahill Gordon & Reindel
Spain
Bond issue
BBVA - Banco Bilbao Vizcaya Argentaria, CaixaBank, BNP Paribas, Credit Suisse, Deutsche Bank, Société Générale, HSBC
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
1
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40
By Firm
77 results77 results
Firm Name Jurisdiction Total Deals Deals (Last 12 Months)
A&L Goodbody
Ireland
3
0
A&O Shearman
Spain
61
0
A&O Shearman
5
0
Addleshaw Goddard
Spain
2
0
Akin Gump Strauss Hauer & Feld
1
0
Arendt & Medernach
Luxembourg
2
0
Arthur Cox
Ireland
1
0
BAHR
Norway
1
0
Baker McKenzie
Spain
20
0
Ballard Spahr
1
0
Brodies
United Kingdom
1
0
Bär & Karrer
Switzerland
1
0
Cahill Gordon & Reindel
1
0
Clifford Chance
Spain
39
0
CMS
19
0
Conyers Dill & Pearman
1
0
Cravath Swaine & Moore
2
0
Cuatrecasas
Spain
118
0
Davis Polk & Wardwell
Spain
14
0
Dechert
1
0
1
of
4
Gibson Dunn has hired a seven-lawyer investment funds team from Clifford Chance in Paris, led by partner Xavier Comaills, as the firm continues its European expansion
The finalists for the 28th annual Europe awards have been revealed, with the winners to be announced in London on June 11
M&A
Legal tech partner Sara Molina and corporate partner Dídac Severino examine how embedded AI tools are reshaping M&A analysis, workflow design, client delivery and governance
M&A
Future Abu Dhabi head Gonçalo Capela Godinho explains why Pérez-Llorca is exporting its Iberian expertise to Abu Dhabi
M&A
Pérez-Llorca’s international executive partner and Colombia’s country chair delve into what prompted the move and the opportunities in the country
M&A
Partners at three law firms delve into Q1 2025 M&A highlights, including sector-specific trends, innovative deal structures and how their practices are seizing opportunities
Capital markets partner Alfonso Ventoso delves into capital markets activity in Spain, outlining opportunities for the firm
The finalists for the 26th annual Europe awards are revealed - winners will be presented in London on April 3
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