Irwin Mitchell is closing in on a deal with an unnamed Spanish firm which will determine the future of its Spanish subsidiary, Irwin Mitchell Abogados.
A statement from the firm said: “We can confirm that we are in discussions with a Spanish law firm with regard to establishing a strategic alliance to develop the international side of our business. Those discussions are of course confidential and therefore, it would not be appropriate to comment further at this stage.”
The Spanish offices are a subsidiary of Irwin Mitchell, governed by Spanish regulations as a sociedad limitada profesional (SLP), and are not part of the firm’s ABS. It is understood that Irwin Mitchell’s Spanish operations would transfer to the local ally and would no longer be a subsidiary of the UK firm.
Turnover from the Spanish offices makes up a small proportion of the firm’s overall revenue.
Irwin Mitchell Abogados employs around 40 people and was launched in 2005 with offices in Marbella and Madrid. It acts for Spanish and UK clients, including ex-pats, taking instructions from insurance clients, carrying out debt collection work and enforcing foreign judgments (9 December 2005). Irwin Mitchell stepped up its international expansion programme three years ago with the acquisition of Madrid-based firm L&E Solución Legal and Empresarial (24 September 2010).
The Spanish arm is headed by partner José Maria de Lorenzo, a former partner at UK personal injury firm Lorenzo Zurbrugg, which merged with Irwin Mitchell in 2003 (4 August 2003).