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Gomez-Acebo divorces Portuguese ally

11 June 2007

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Ben Moshinsky

Gomez-Acebo & Pombo has split from its Portuguese ally Vieira de Almeida & Associados, following a review of its international strategy.

The Spanish firm could decide to launch its own office in Portugal after the split.

Gomez-Acebo's new international strategy has already seen the firm announce the opening of a London office in September.

Vieira de Almeida released a statement saying: "As a result of their cooperation, the two independent firms have an even higher regard for each other's professionalism and ethics, and they will continue to join forces whenever appropriate."

The two firms had a preferential cooperation agreement rather than an exclusive relationship.

Gomez-Acebo declined to comment.

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Readers' comments (1)

  • Anonymous | 11-Jun-2007 12:58 pm

    Perhaps the other way around...

    As far as I understand the situation is the other way around. Vieira de Almeida has been worried about its close connection to Gomez Acebo for quite some time.
    The link was not helping it in terms of quality Spanish referrals and if anything was sending out the wrong message to the market.
    Equally, it is fair to say that Vieira has a higher standing in Iberia as a whole than Gomez Acebo does these days.
    Make of that what you will, but it is rare for a lower ranked firm to dump a higher ranked firm...

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