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Clifford Chance

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Our high-profile domestic and international work has built our market-leading reputation. We combine thirty-five years’ experience of the Spanish market with the reach and resources of the firm’s international network in 25 countries.

A market-leading team that's the best of both worlds

We've worked in Spain for over 35 years. We opened our first office in Madrid in 1980 and our Barcelona office in 1993. Today we are Spain’s market-leading international firm with 22 partners, over 150 lawyers, and 25 Tier One rankings in the 2016 editions of Legal 500 and Chambers Europe. Our work on top-tier transactions and our long experience in Spanish markets has helped us form close relationships with regulators, government agencies and leading international companies.

This combination of domestic and international experience means that our clients get the transactional capability of an international firm with the on the ground know-how and connections of a long-established Spanish firm. One client described us as "the best of both worlds".

We understand cross-border transactions

Our team regularly works with colleagues from our international network on complex multi-jurisdictional transactions. And we stay in close contact with our offices in the Americas . 

Recent highlights

We build the team that fits the client's need

Our experience has taught us how to work efficiently on complex projects and make sure that we use our resources – and our clients' time – as effectively as possible. And clients say that our approach and our talented lawyers deliver the right results.

  • "It is a great firm in every respect. What shows is the proximity to the client; the lawyers put themselves in the client's place and they are technically good.”
    Chambers Europe 2016
  • "The lawyers are talented, understand my business, integrate with my team and are always able to meet my company's needs."
    Chambers Europe 2016
  • "The lawyers are excellent and the prestige of Clifford Chance is very high. I could go to any of the team knowing I would get excellent advice."
    Chambers Europe 2016

Awards and milestones

  • Spain Law Firm of the Year: IFLR, 2016
  • European M&A Legal Adviser of the Year: MergerMarket 2016
  • Spanish Firm of the Year - Intellectual Property Litigation: Managing Intellectual Property Awards 2016
  • José Guardo is ranked as a "Star Individual" by Chambers Europe: Spain -  Project Finance and received the Outstanding Contribution to the Legal Profession Award
  • Miquel Montañá is ranked as a "Star Individual" by Chambers Europe: Spain -  Intellectual Property: Patents & Trade Marks
  • Alberto Manzanares is recognized as Senior Statesman by Chambers Europe: Spain -  Banking & Finance and Project Finance  

Recent assignments

Examples of work include advising:

  • Advised the ad hoc committee of bondholders on the restructuring of Spanish renewable energy company, Abengoa.
  • Advised WiZink, portfolio company of Värde Partners formerly named Bancopopular-e, on the acquisition of the Barclay’s Barclaycard business in Spain and Portugal and the acquisition of Banco Popular Group's credit and debit cards business in Portugal.
  • Advised on the financing and acquisition of Yoigo by Spanish telecoms operator, MásMóvil.
  • Advised Iberdrola on appeals regarding the financing of the tariff deficit.
  • Advised CaixaBank on a complex swap transaction with Criteria for EUR 2.6 bn 
  • Advised Vestas on several claims against Spanish and LatinAmerican companies following arbitration proceedings before the ICC Arbitration Court.
  • Advised Blackstone on its first take-out of the portfolio of mortgage loans it acquired from state-owned Spanish bank, Catalunya Banc, in 2015 (first securitisation by Blackstone in Spain).
  • Advised Deutsche Bank and Caixabank on a EUR 404 million project bond issued by Vela Energy for the refinancing of 35 photovoltaic solar projects in Spain – the largest solar project bond financing in Europe to date.
  • Advised Pfizer on the enforcement of a second medical use patent.
  • Advised Banco Santander and Banco de Sabadell on the EUR 1.6 billion refinancing of Itínere, Spanish leading infrastructure management group.
  • Advised on the financing and acquisition of Tinsa, the largest property valuation company in Spain and Latin America, by Cinven from Advent International.
  • Advised as Spanish, English and US counsel to JB Capital Markets, Société Générale and Banco Santander on the IPO of Global Dominion Access.
  • Advised BBVA, the latest Spanish bank to enter into the British market, on the acquisition of a 29.5% stake in Atom Bank, the UK's first mobile-only bank.
  • Advised Carrefour on the acquisition of 36 hypermarkets in Spain from Eroski.
  • Advised El Corte Inglés on the ongoing sale and leaseback of 200 real estate assets in Spain.
  • Advised Ardian on the acquisition of an additional 10% stake in Compañía Logística de Hidrocarburos (CHL) from Repsol. We previously advised Ardian on the original 10% stake acquisition. We also advised  the client on the acquisition of a 65% stake in Tunels Barcelona Cadi, company managing two tollsroads in Spain, to BTG Pactual, the Brazilian bank.
  • Advised Actis on the sale of a 92% stake in the Guatemalan electricity distributor Energuate.
  • Advised Värde Partners on the acquisition of a 51.25% stake in the Spanish company San José Desarrollos Inmobiliarios and the acquisition of a 40% stake of the share capital of La Finca Global Assets.
  • Advised Banco Santander on the EUR2 billion share capital increase in the real estate company "Metrovacesa".

Directory listings and client comments

Directory listings

Chambers Europe: Spain, 2016 

  • Tier One in M&A
  • Tier One in Banking & Finance 
  • Tier One in  Investment Funds
  • Tier One in Public Law
  • Tier One in Competition
  • Tier One in Intellectual Property
  • Tier One in Restructuring
  • Tier One in Energy & Natural Resources
  • Tier One in Project Finance
  • Tier One in  Private Equity
  • Tier One in  Corporate Compliance
  • Tier One in Life Sciences
  • Tier One in  Real Estate
  • Tier One in TMT (Telecoms)

Legal 500: Spain, 2016

  • Tier One in Commercial, corporate and M&A
  • Tier One in Banking & Finance 
  • Tier One in Capital Markets
  • Tier One in  EU and competition
  • Tier One in Dispute Resolution
  • Tier One in Healthcare & Life Science
  • Tier One in Intellectual property
  • Tier One in Public Law
  • Tier One in Projects & Energy
  • Tier One in Restructuring & Insolvency
  • Tier One in Real estate and construction
  • "The lawyers are excellent and the prestige of Clifford Chance is very high. I could go to any of the team knowing I would get excellent advice."
    Chambers Europe 2016
  • Clifford Chance has everything - experience, resources and a clear legal strategy which goes beyond just theory."
    Chambers Europe: Spain, 2016 – Spain
  • "The team is always involved in big transactions." 
    Chambers Europe: Spain, 2016 – Spain
  • "The lawyers are excellent and the prestige of Clifford Chance is very high. I could go to any of the team knowing I would get excellent advice."
    Chambers Europe: Spain, 2016 – Spain
  • "The firm has Spanish and English lawyers in the same building, which is a key advantage that makes a huge difference when you need to close a complex deal under time pressure."
    Chambers Europe: Spain, 2016


Nuestra participación en las principales operaciones nacionales e internacionales ha consolidado nuestra reputación y liderazgo en el mercado. Con más de 35 años de experiencia en España, ponemos a disposición de nuestros clientes los recursos globales de una firma internacional presente en 25 países.

Una firma líder que combina el conocimiento del mercado local, la experiencia internacional y los recursos globales

Con más de 35 años de avalada presencia en España, nuestra participación en las operaciones que están marcando la actualidad económica y nuestra amplia experiencia internacional nos ha posicionado como firma de referencia en el mercado. Abrimos nuestra primera oficina en Madrid en 1980 y en Barcelona en 1993. Hoy somos la firma internacional líder en España con 22 socios, un equipo de 150 abogados y el reconocimiento de las principales publicaciones del sector - 25 primeras posiciones en los rankings Legal 500 y Chambers Europe Guide 2016.

Ponemos a disposición de nuestros clientes un profundo conocimiento del mercado local y de la regulación y los recursos globales de una gran firma. Nuestra activa participación en las principales operaciones transnacionales y nuestra experiencia en el mercado español nos ha permitido desarrollar estrechas relaciones con el regulador, con las instituciones públicas y con las principales compañías nacionales e internacionales.

Un equipo con presencia en los principales centros financieros y comerciales

Trabajamos en estrecha colaboración con el resto de equipos de nuestra red internacional apoyando a nuestros clientes en el diseño y ejecución de complejos proyectos multijurisdiccionales. Además, mantenemos un contacto permanente y cercano con nuestras oficinas en América.

Nos adaptamos a las necesidades de nuestros clientes

Nuestra experiencia nos ha enseñado a trabajar de manera efectiva en proyectos complejos y a asegurarnos de que utilizamos nuestros recursos – y el tiempo de nuestros clientes – de la forma más eficiente posible. Nuestros clientes aseguran que la combinación entre excelencia técnica y capacidad de servicio tiene un impacto directo en la consecución de sus buenos resultados, siempre bajo el respaldo de un asesoramiento jurídico personalizado y un apoyo transaccional comprometido con los objetivos de negocio:

  • “Una gran firma, en todos los aspectos. Demuestra proximidad con el cliente, los abogados se ponen en el lugar del cliente y tienen un gran conocmiento técnico.”
    Chambers Europe 2016
  • "Los abogados tienen mucho talento, entienden mi negocio, se integran con mi equipo y están siempre dispuestos a cubrir las necesidades de mi compañía.”
    Chambers Europe 2016
  • “Los abogados son excelentes y con un alto prestigio. Puedo acudir a cualquiera del equipo con la certeza de que recibiré un excelente asesoramiento.”
    Chambers Europe 2016