Ranking tables
Restructuring/Insolvency: Insolvency | Europe
Spain
Rankings overview for Departments
Band 1
Band 2
Band 3
Band 4
Ashurst 10 Years Ranked
Baker McKenzie 11 Years Ranked
Deloitte Abogados y Asesores Tributarios, S.L.U. 11 Years Ranked
Herbert Smith Freehills 6 Years Ranked
Jones Day 7 Years Ranked- CARLES CUESTA Abogados y Asesores Financieros, S.L.P
- Kepler-Karst
- PwC Tax & Legal
Band 1
Band 2
Borja García-Alamán Garrigues15 Years Ranked
Javier Yañez Evangelista Uría Menéndez6 Years Ranked
Juan Verdugo DLA Piper Spain15 Years Ranked
Ramón Fernández-Aceytuno Ramón y Cajal Abogados15 Years Ranked- Blas Alberto GonzálezBlas A. González Abogados
- Jesús AlmogueraJ Almoguera Abogados
Band 3
Band 4
Borja Fernández de Trocóniz Linklaters14 Years Ranked
Francisco Pérez-Crespo Cuatrecasas19 Years Ranked
Javier Mata Andersen Spain11 Years Ranked
Juan Oñate Pérez-Llorca6 Years Ranked
Laura Camarero Baker McKenzie7 Years Ranked
Laura Ruiz Pérez-Llorca6 Years Ranked
Óscar Franco Latham & Watkins11 Years Ranked- Armando BetancorKepler-Karst
- Carlos CuestaCARLES CUESTA Abogados y Asesores Financieros, S.L.P
- José CarlesCARLES CUESTA Abogados y Asesores Financieros, S.L.P
Up and Coming
All Departments profiles
Band 1
1 GarriguesRestructuring/Insolvency: Insolvency2025 | Band 1 | 11 Years RankedGarrigues is a prestigious national outfit with an experienced team composed of several insolvency experts. The law firm represents both debtor companies and creditors in insolvency proceedings, including high-profile matters in which creditors challenge liquidation plans, as well as defending directors' liability cases brought by insolvency administrators or creditors. The team enjoys a strong presence in top-tier restructuring mandates, often assisting Spanish banks, international private equity funds and insurance companies with the protection of their creditor interests in ailing Spanish companies. Corporate debt refinancings and acquisitions of interests in distressed companies are additional areas of expertise.
1 Gómez-Acebo & PomboRestructuring/Insolvency: Insolvency2025 | Band 1 | 11 Years RankedGómez-Acebo & Pombo is a popular choice for international investment funds that have acquired creditor claims in distressed Spanish companies and are looking to either restructure debt or enforce their security interests through formal insolvency proceedings. The law firm additionally assists key Spanish and international banks with claims against insolvent companies, often teaming up with UK and US law firms to advise on restructuring or insolvency cases that have a significant foreign law component. The team has an established profile in insolvency proceedings, with a team of skilled litigation lawyers.
1 Uría MenéndezRestructuring/Insolvency: Insolvency2025 | Band 1 | 11 Years RankedUría Menéndez is a first-rate firm with a prominent position in the domestic restructuring and insolvency market. It is renowned for its skilled handling of an impressive quantity of large-scale and complex restructuring and refinancing mandates, benefiting from a superb reputation among Spain's most important lenders. The law firm utilises strong financial expertise to frequently advise on the sale or purchase of non-performing loan and REO portfolios. It additionally assists major Spanish companies and well-recognised bank lenders in insolvency proceedings, including those that have important international implications. Clients benefit from the team's strategic geographical spread throughout the Iberian region.
Band 2
2 A&O ShearmanRestructuring/Insolvency: Insolvency2025 | Band 2 | 11 Years RankedA&O Shearman is an international firm assisting lenders with insolvency proceedings, with proven expertise in challenges to liquidation plans and creditor claims before the English courts. Its well-integrated multidisciplinary team also offers debt refinancing and restructuring advice to a varied client list that includes international banks, asset managers and Spanish corporates. The firm's clients benefit from the team's pre-insolvency expertise, combining financial knowledge with litigation experience to assist key players in the Spanish market.
2 Clifford Chance LLPRestructuring/Insolvency: Insolvency2025 | Band 2 | 11 Years RankedClifford Chance is consistently instructed on major restructuring and refinancing operations in Spain. The law firm acts for an impressive range of creditors, including top local and international banks. It also wins instructions to act for debtors, notably Spanish companies looking to refinance corporate debt. The team is well versed in complex insolvency proceedings occurring under Spanish law, with a track record advising local and international creditors on high-value and high-profile Spanish insolvencies.
2 CuatrecasasRestructuring/Insolvency: Insolvency2025 | Band 2 | 11 Years RankedCuatrecasas has an extremely active department that acts on both top-tier and mid-market matters, with a large, experienced team that has proven its capability in assisting numerous clients with diverse mandates. The lawyers handle all stages of distressed mandates, from initial refinancing through to debt restructurings and the eventual rescue or liquidation of companies via formal insolvency proceedings. The law firm has an excellent track record advising on the debtor side of restructuring and insolvency mandates, with a varied client list that includes multinational corporate clients and smaller domestic companies. Cuatrecasas has a network of offices throughout Spain, including key teams in Madrid and Barcelona.
2 Pérez-LlorcaRestructuring/Insolvency: Insolvency2025 | Band 2 | 10 Years RankedPérez-Llorca comprises experienced practitioners serving a notable international and domestic client base. The law firm boasts a strong presence in the restructuring space, with activity on large and complex transactions. The team acts for banks and other creditors on the protection of their financial interests in contentious insolvency matters, as well as assisting domestic and local investors with the acquisition of insolvent business units.
Band 3
3 CMSRestructuring/Insolvency: Insolvency2025 | Band 3 | 11 Years RankedCMS routinely assists Spanish companies and their creditors with litigious issues arising from insolvency situations. The team is well-placed to represent debtors in both compulsory and voluntary insolvency proceedings. It assists banks and trade creditors with the presentation of claims against insolvent companies. CMS also defends creditors against cases brought by insolvency administrators.
3 LinklatersRestructuring/Insolvency: Insolvency2025 | Band 3 | 10 Years RankedLinklaters is a dynamic global firm offering clients an impressive breadth of expertise across restructuring and refinancing issues, with superb credentials on the debtor side of high-profile matters. The law firm repeatedly operates at the very top of the market, with wide-ranging experience assisting clients with different types of restructuring processes, including the Spanish scheme of arrangement. It advises investment funds on the acquisition of distressed debt as well as represents indebted companies in formal insolvency proceedings. It offers impressive international capabilities, with a team set up to advise under both Spanish and English law, including English-qualified solicitors who are permanently based in Madrid.
3 Ramón y Cajal AbogadosRestructuring/Insolvency: Insolvency2025 | Band 3 | 11 Years RankedRamón y Cajal Abogados is best known for advising debtors facing formal insolvency proceedings, with proven experience in cases on behalf of life sciences, energy and real estate companies. The law firm handles trade creditor claims against insolvent commercial partners and also acts for leading Spanish banks on the bankruptcy proceedings of well-known domestic corporate groups.
3 Simmons & Simmons LLPRestructuring/Insolvency: Insolvency2025 | Band 3 | 9 Years RankedSimmons & Simmons is an international firm with an established Madrid insolvency team that attracts attention for work predominantly on the creditor side of major insolvency proceedings. The team assists with the defence of Spanish banks' and international lenders' positions in insolvent Spanish companies operating in the real estate, construction and manufacturing sectors. The firm has notable experience in distressed debt trading, clawback actions and the enforcement of mortgages.
Band 4
4 AshurstRestructuring/Insolvency: Insolvency2025 | Band 4 | 10 Years RankedAshurst combines lawyers from finance and dispute resolution departments to handle pre-insolvency, insolvency and liquidation issues. The law firm takes on a significant quantity of mandates for foreign funds and international banks that have interests in ailing Spanish companies. Ashurst is experienced in transactional work, including the sale and purchase of loan portfolios in Spain and the acquisition of real estate servicers.4 Baker McKenzieRestructuring/Insolvency: Insolvency2025 | Band 4 | 11 Years RankedBaker McKenzie is an international law firm that routinely assists trade creditors with the analysis of their potential exposure to major insolvencies and with court proceedings aimed at recovering debts. The team has experience in complex cases that have a key criminal law angle.
4 Deloitte Abogados y Asesores Tributarios, S.L.U.Restructuring/Insolvency: Insolvency2025 | Band 4 | 11 Years RankedDeloitte Legal has an established team standing out for its regular appointment as insolvency administrator in high-profile cases. The law firm also acts as counsel on a range of transactional and contentious matters, including the filing of claims for trade creditors and advice to the board members of companies in distress. Its client base includes prominent Spanish companies from the travel, healthcare and agriculture sectors.4 Herbert Smith FreehillsRestructuring/Insolvency: Insolvency2025 | Band 4 | 6 Years RankedHerbert Smith Freehills is a strong global law firm that counts domestic and international banks, debtors and creditors among its clientele. The department utilises impressive financial and litigation expertise to advise clients on matters with regard to insolvency proceedings, including compulsory liquidation applications.4 Jones DayRestructuring/Insolvency: Insolvency2025 | Band 4 | 7 Years RankedThe Madrid-based restructuring and insolvency team of Jones Day benefits from the firm's network of offices across the world. It is best known for handling litigation arising within the context of formal insolvencies. Key individuals in the team act for investors on distressed operations, from debt restructurings and refinancings to acquisitions and sales of distressed companies and assets. The law firm's client portfolio includes international and domestic banks, investment funds and other actors with interests in distressed companies.- CARLES CUESTA Abogados y Asesores Financieros, S.L.PRestructuring/Insolvency: Insolvency2025 | Band 4