Iberian lawyers are hoping that having worked in a relatively flat market pre-economic downturn will mean a slower and less painful crash in 2009.
In fact, as the first report from Portugal highlights, lawyers in Spain’s neighbouring country believe that the market recovery may leave them in a better position than before.
Elections due to be held in 2009 should mean greater public spending from Portugal’s politicians, who will be keen to impress, while overseas work from Latin America and Africa may also have an affect.
The second article focuses on the law firms themselves. Spanish and Portuguese firms have already showed signs of expansion and there is more on the horizon.
The ever-important relationship between the largest firms and the region’s banks is also discussed, with an outline of which firms worked on what deals, hinting at how banking and finance practices may survive the shifting financial markets.
Click on the underlined reports above to read them.