Contents
On the cover : Following their successful entry into the Spanish market , the ‘ Big Four ’ are now targeting Portugal – some Lisbon lawyers fear decreasing fees and a drain of talent to the MDPs , but others argue that the prospects of success for Deloitte , EY , PwC and KPMG are limited .
The publisher and authors are not responsible for the results of any actions ( or lack thereof ) taken on the basis of information in this publication . Readers should obtain advice from a qualified professional when dealing with specific situations . Iberian Lawyer is published six times a year by Iberian Legal Group SL . Image set and printed by Cudipal Gestión Gráfica SL , Spain . © Iberian Legal Group SL 2016 November / December 2016 Copyright applies . For licensed photocopying , please contact info @ iberianlegalgroup . com
Editorial policy Iberian Lawyer provides a window on the Iberian legal profession for domestic and international law firms and general counsel . The magazine is funded by subscribers and advertisers , as well as sponsoring law firms that provide the Legal Updates and Profiles within the Special Reports .
Legal Deposit M-5664-2009
News 4
• M & A and real estate will drive profit growth at firms in 2017
• Uría Menéndez remains top brand in Spain , while MLGTS leads in Portugal
• Client demand for advice on space law and drone use rising
• Portugal ’ s ‘ Big Three ’ firms boost ranks to meet increased demand
• Lawyers fear tax rises could halt Portuguese energy M & A boom
Event report 11 In-house lawyers must promote ethical corporate behaviour
The Latin American Lawyer 12 Corruption and bribery remain major worries for clients in Latin America
Businesses must include lawyers on boards to ensure compliance
Transactions 14 Iberian Mergers and Acquisitions
On the move 15 Who is moving where
News focus 16 Going undercover
Law firm profile 18 Tough at the top ? MLGTS
Opinion 21 General counsel must understand that businesses are responsible for protecting human rights Elise Groulx Diggs Alkyne Avocats
In-house
Client view 22 ‘ We are not faithful to one particular firm , it depends on the case ’ Cristina Carro Werner Parques Reunidos
Client view 23 Law firms that don ’ t listen , or fail to deliver on time , cause frustration Paulo Lino Martins Thales Group
Litigation update 25 ECJ ruling on floor clauses Gracia Llácer Roca Junyent
Competition update 25 Advantages of competition law compliance Margarida Rosado da Fonseca ABBC
Tax update 25 Software taxation in the Chilean – Spanish Tax Agreement Eduardo Huidobro DS Vermehren Puga Varela
Technology update 25 Autonomous Cars : The Legal Challenges Helena Correia Mendonça Vieira de Almeida
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Editor Ben Cook
M + 34 666 418 249 E ben . cook @ iberianlegalgroup . com
Contributors Adam Critchley
E adam . critchley @ iberianlegalgroup . com
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Anthony Notaras anthony . notaras @ iberianlegalgroup . com
Lucy Austin lucy . austin @ iberianlegalgroup . com
Latin America Editor Ignacio Abella
T + 44 ( 0 ) 208 616 72 89 E ignacio . abella @ iberianlegalgroup . com
Design & Production Ana García-Sicilia
E ana . gsicilia @ iberianlegalgroup . com
BD & Projects Félix García Arce
M + 34 637 404 288 E felix . garcia @ iberianlegalgroup . com
Finance E Printing
Carlos Donaire carlos . donaire @ iberianlegalgroup . com
Francisco Blanco Cudipal S . L .
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Iberian Lawyer Calle Lagasca 138 , Madrid 28006 T + 34 91 563 3691 www . iberianlawyer . com
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• IBERIAN LAWYER • November / December 2016 www . iberianlawyer . com