Spanish law firm Pérez-Llorca has recorded a 28% increase in its ‘pro forma’ revenue to hit €211.3m.
The figure incorporates annualised international revenue of €55.5m, generated by its operations in Portugal, Mexico and Colombia – its landmark merger with 120-lawyer Colombian firm Gómez-Pinzón having gone live in July.
That figure accounted for 26% of the firm’s overall revenue. Spanish revenue, meanwhile, grew by 17% to hit €155.8m.
Pedro Pérez-Llorca, the firm’s senior partner, pointed to the success of “a very clear roadmap across the four markets in which we operate” to advise on “highly complex transactions, significant disputes and regulatory matters”.
He added: “Our ambition is, and will continue to be, to grow in all the jurisdictions we are present in.”
Last year, Pérez-Llorca grew revenue 33% to €165m, up from 10% growth the year before, buoyed by its 2024 merger with 100-lawyer firm González Calvillo.
The firm says it has sustained double-digit growth over the past five years, while it has recorded a six-fold increase in sales over the course of the last decade.
In January, the Madrid-based firm announced plans to open in Abu Dhabi later this year, making it the first Latin America-focused firm to have a presence in the United Arab Emirates, thereby taking advantage of the region’s appetite for investment in Latin America.
The move is part of project Scala, which the firm says aims to “harness the opportunities of its internationalisation and solidify its standing as a leading Ibero-American legal services firm”.
As part of this strategy, Pedro Pérez-Llorca has temporarily relocated to Mexico City for a year.
The firm opened its first international office in London in 2015 and followed that up with a base in New York in the same year. In 2022, it opened in Brussels and it set up shop in Singapore the following year.
In December 2023, it hired 17 lawyers from rival firms, including Portugal’s RRP Advogados, to open an office in Lisbon.
Last month, Spanish rival Garrigues announced that it had upped global revenue by 9.5% in 2025 to a new high of €527.7m, a figure the firm said cemented its position as the leading law firm in the EU by revenue.
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