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Spanish IP boutique Grau Baylos & Angulo has divided into two due to differences over the firm's strategic direction. The new firms are named Grau & Angulo and Estudio Jurídico Baylos.
A spokesperson for Grau & Angulo said: "The split was amicable. There was a divide in interests in that one wanted to be an international firm and the other wanted to be a national firm."
As a result of the split 20-lawyer Grau & Angulo has moved into new offices in Madrid and will use its existing Barcelona office as its main base to take advantage of the growing international scope of its IP business.
"Barcelona is the IP centre for Spain and we've grown significantly there. We want Madrid to be run the same way," the spokesperson added.
Meanwhile, Baylos will remain in its existing Madrid offices and has retained two partners, Maria Baylos Morales and Pedro Merino Baylos, the nephew of founding partner Hermenegildo Baylos Corroza, as well as one associate from Grau Baylos & Angulo. The firm will retain its focus on IP.
Grau Baylos & Angulo was founded in 2003 when Spanish IP lawyers Jorge Grau, Hermenegildo Baylos Corroza and Alejandro Angulo joined forces to create a boutique IP firm.