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Lateral hires of M&A, tax and banking lawyers on the rise

| News

The recruitment of senior lawyers can ‘boost a firm’s reputation’ as well as growing its revenue and client base

Iberian Lawyer |

Andersen Tax & Legal, which earlier this year merged with Olleros Abogados in Spain, is another a firm that has been strengthening its M&A and tax teams in recent months. While the firm has reported an increase in demand for corporate/M&A service, it also acknowledges that competition for the best legal talent is fierce. Recent recruits have included Carlos Salinas, formerly of KPMG, who joined as partner to head the firm’s corporate law and commercial contracts team in its Barcelona office. Commenting on Salinas’ arrival, the firm said the hire would reinforce the team at a time when the firm is experiencing “increasing demand from investors”. It added that Catalonia is the region that aracts the second highest volume of foreign investment in Spain after Madrid.

Another lateral hire made by Andersen in recent months was that of tax and private client expert Miquel Terrassa, who also joined from KPMG, to lead the firm’s sports and entertainment practice. Andersen partner Ignacio Aparicio says: “Miquel´s appointment is in line with our sector-focused approach, which we pursue alongside the more traditional practice-focused strategy.”

Banking and finance is another area of practice that firms, in both Spain and Portugal, are looking to strengthen. One notable move saw Araoz & Rueda’s head of banking and finance Guillermo Yuste depart the firm to join the rapidly expanding Andersen Tax & Legal. When announcing Yuste’s arrival, the firm highlighted his specialisation in cross-border financial operations, the financing of renewable energy projects, debt restructuring and aircraft financing. “The financial sector´s complex restructuring and the challenges it faces – from fintech to the process of disintermediation, as well as increasing demand for finance and restructuring advice from corporates – drove our decision to expand,” says Aparicio.

As well as increasing turnover, lateral hires enhance cross-selling opportunities and enrich the firm with their expertise and extensive experience,” agrees Ignacio Aparicio.


For further information, please contact:

Ignacio Aparicio Ramos


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