Barcelona e-report 2017 BCN e-report | Page 2

Barcelona annual report A new beginning? The innovative nature of the Barcelona economy is both a benefit and a burden for lawyers in the Catalan capital – meanwhile, if Catalonia was to achieve independence, the effect on its law firms could be “extraordinary”, say some observers Barcelona’s reputation for innovation in some ways benefits, but in other ways disadvantages, the city’s law firms. The capital of Catalonia is a fertile ground for business start-ups, particularly in the technology sector, and many of them look to law firms to help them get their businesses off the ground. The experience of advising a start-up can teach law firms valuable lessons about new ways of doing business and innovative methods of communicating with clients, for example. However, innovation can happen so quickly that law firms are often left trailing in its wake. As a result, firms often lack the money to invest in the infrastructure necessary to effectively support their clients, while also finding it difficult to find the type of people they need to best serve them. Meanwhile, political machinations in Catalonia mean that steps taken by both law firms and clients are not as sure-footed as they would like. Some lawyers highlight “serious political disruption” as the biggest challenge law firms face. The more pessimistic of those say extraordinary, given that Spanish laws would be replaced by Catalan laws and the area would ultimately withdraw from the European Union. Exports rising However, despite the climate of uncertainty, Barcelona emerged well from the crisis, according to Cuatrecasas partner Héctor Bros. “Exports are up and represent around 25 per cent of the city’s economy, and the city is increasingly becoming an international hub,” he says. “There has also been a big boost in newer sectors such as biosciences, technology entrepreneurship, and fintech – in There has also been a big addition, there has been a car industry boost in newer sectors such revival.” as biosciences, technology Law firms are coming up with entrepreneurship, and innovative new fintech. business models to deal with the Héctor Bros changing demands Cuatrecasas of clients, says Alex Llevat, partner at the issue of Catalan independence Roca Junyent. “Law firms have to could potentially disintegrate into adapt to new collaborative ways civil and social unrest. They also of doing business with clients, by claim that, if Catalonia was to using and applying technology,” become independent, the effect on he says. “The challenge is to the region’s law firms would be adapt to this new reality, though “ 40 • IBERIAN LAWYER • March / April 2017 ” younger lawyers believe in this new world.” Firms are now thinking about how to provide new services, says Santiago Doce, partner at Deloitte Legal. “Law firms need to be more proactive and move to other types of business, there should be more say for junior lawyers and more flexibility and we need to invest in services.” There are new investors coming into Barcelona and internet businesses, in particular, are attracted to the city, says Enrique Viola, lawyer at Pintó Ruiz del Valle. “However, it can be difficult to go as fast as them and they are growing quickly – some of these companies come with money and some with only an idea, but they can use law firms to get investment and this can be a good way [for a law firm] to enter into a relationship with a company,” he adds. Can’t get the staff? Small entrepreneurial businesses in Barcelona are often looking for lawyers that can solve problems, says Toni de Weest Prat, managing partner of Andersen Tax & Legal in Barcelona. He adds that the city is unique and that foreign investors are investing because they cannot find similar businesses in other www.iberianlawyer.com