Ranking tables

Restructuring/Insolvency: Restructuring | Europe

Spain

The below Restructuring/Insolvency: Restructuring rankings table provides market-leading insights on the top ranked lawyers and law firms whose advice and legal services can be purchased in Spain. The rankings are the result of extensive research by our internal research team, who conduct interviews with in-house counsel, other third-party experts and private practice lawyers who have worked alongside them. Use our table and ranking system to identify the most suited provider of legal services for you.

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1

Band 1

  1. Cuatrecasas
    1
    Cuatrecasas
    Restructuring/Insolvency: Restructuring
    2024 | Band 1 | 10 Years Ranked
    Cuatrecasas 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. Garrigues
    1
    Garrigues
    Restructuring/Insolvency: Restructuring
    2024 | Band 1 | 10 Years Ranked
    Garrigues 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.
  3. Gómez-Acebo & Pombo
    1
    Gómez-Acebo & Pombo
    Restructuring/Insolvency: Restructuring
    2024 | Band 1 | 10 Years Ranked
    Gómez-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.
  4. Uría Menéndez
    1
    Uría Menéndez
    Restructuring/Insolvency: Restructuring
    2024 | Band 1 | 10 Years Ranked
    Uría 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.
2

Band 2

  1. A&O Shearman
    2
    A&O Shearman
    Restructuring/Insolvency: Restructuring
    2024 | Band 2 | 10 Years Ranked
    Allen & Overy 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. Allen & Overy'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 LLP
    2
    Clifford Chance LLP
    Restructuring/Insolvency: Restructuring
    2024 | Band 2 | 10 Years Ranked
    Clifford 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.
  3. Freshfields Bruckhaus Deringer
    2
    Freshfields Bruckhaus Deringer
    Restructuring/Insolvency: Restructuring
    2024 | Band 2 | 10 Years Ranked
    Freshfields has a well-established team that targets large and complex restructuring and refinancing matters for clients from a range of industries. The law firm has experience acting for investment funds, domestic banks and Spanish real estate developers in both restructuring and insolvency contexts. It earns recognition for its capacity to handle litigation arising within complex insolvency proceedings. Freshfields possesses strong international capabilities owing to the firm's global footprint and client portfolio.
  4. Linklaters
    2
    Linklaters
    Restructuring/Insolvency: Restructuring
    2024 | Band 2 | 10 Years Ranked
    Linklaters 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

Band 3

  1. Latham & Watkins
    3
    Latham & Watkins
    Restructuring/Insolvency: Restructuring
    2024 | Band 3 | 6 Years Ranked
    Latham & Watkins offers notable experience in large-scale debt restructuring mandates, boasting strong cross-border capabilities due to links with the firm's international network. The law firm assists creditors and debtors with the refinancing of existing indebtedness and with debt recovery actions, also handling distressed M&A transactions.
  2. Pérez-Llorca
    3
    Pérez-Llorca
    Restructuring/Insolvency: Restructuring
    2024 | Band 3 | 10 Years Ranked
    Pérez-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.
4

Band 4

  1. DLA Piper Spain
    4
    DLA Piper Spain
    Restructuring/Insolvency: Restructuring
    2024 | Band 4 | 10 Years Ranked
    DLA Piper assists financial entities that have interests in Spanish companies undergoing critical restructuring measures. The law firm acts for international investors on a range of distressed transactions, including the acquisition of debt in Spanish real estate companies and financing. Key partners from finance and dispute resolution teams combine to assist with litigation strategies relating to distressed assets. DLA Piper's clients benefit from strong links with the firm's global network in cross-border restructuring mandates.
  2. Hogan Lovells International LLP
    4
    Hogan Lovells International LLP
    Restructuring/Insolvency: Restructuring
    2024 | Band 4 | 9 Years Ranked
    Hogan Lovells has a compact restructuring and insolvency team offering clients from the energy, consumer goods and financial sectors wide-ranging advice. It is often singled out for its restructuring expertise, particularly due to its strong working relationships with large domestic banks. The law firm assists syndicates of lenders with initial financings and handles any subsequent refinancings involving companies undergoing financial difficulties. It is also active in liquidations.
  3. Ashurst
    Restructuring/Insolvency: Restructuring
    2024 | Band 4