Tuesday, February 27, 2024

Montero Aramburu grows 14.4%, exceeding €19m in 2021 turnover

The firm has announced Ignacio Albendea Solís as new Madrid managing partner, a new Madrid office location, and the promotion of Soledad Fernández Reyes and Miguel Cuesta Boothman, until now professional partners, as new equity partners


The firm consolidates its leadership in Andalusia and will strengthen its Madrid office in 2022, which will have new headquarters and will be headed by Ignacio Albendea. The Montero Aramburu law firm closed the 2021 financial year with a turnover of €19.3 million, which represents a growth of 14.4% compared to the previous year when it earned €17.1 million. In this way, and coinciding with the 50th anniversary of its foundation, the firm strengthens its position as a leading law firm in Andalusia and the Canary Islands and as one of the most important Spanish law firms.

In 2021, 55 professionals joined the firm, which means that the firm now has 277 members including lawyers, economists, and general services staff, and launched new practice areas, such as Digital Law and Technology Business.

Proof of the firm’s business experience and its positioning among the country’s large firms is its appointment as legal advisor in some of the large tenders awarded by the State in recent months to reactivate strategic companies affected by the health crisis.

Thus, the firm, co-directed by Leonardo Neri and Javier Valdecantos, was selected by the Sociedad Estatal de Participaciones Industriales (SEPI) as an advisor in the management of the €10,000 million Solvency Support Fund for Strategic Companies. In this context, SEPI awarded him the evaluation of the legal aspects of the financial support requested by the company Técnicas Reunidas, for which it has approved the granting of a loan of €340 million, the second-largest amount of aid approved to date.

Another milestone was its selection as advisor to the SME recapitalisation fund of the Compañía Española de Financiación del Desarrollo (COFIDES), with a €1,000 million endowment for the recapitalisation of companies affected by Covid. COFIDES has appointed Nupik International to advise on the financing.

Likewise, the joint venture formed by Montero Aramburu and GVA Gómez-Villares & Atencia has been awarded lots I and II of the AENA Group (administrative and regulatory and civil-commercial, respectively) for the entire national territory. The term of the framework agreement is 3 years, extendable up to 4 years, and the amount of the tender is €4.4 million.

Boosting the Madrid office

On the other hand, the firm faces the year 2022 with a firm commitment to strengthen the Madrid office, which is key to providing comprehensive advice to national clients. Partner Ignacio Albendea Solís, a member of the firm since 1997 and currently a partner in Public Law, will take over the management of the Madrid office and will face the challenge of consolidating a project that began in 2018 when the firm began an ambitious bid to consolidate its presence in the Spanish capital by incorporating three new partners and their corresponding teams. In 2022, the firm will move to new offices in Madrid in order to meet the significant growth forecast and facilitate the incorporation of talent.

At the same time, the firm plans to increase its share of penetration in Andalusia, its main market, in the current financial year, through the collaboration agreement reached last May with the Malaga firm GVA Gómez-Villares & Atencia, which will allow the firm to position itself more strongly in the eastern part of the region, thus strengthening its presence throughout the autonomous community.

Finally, the firm has promoted Soledad Fernández Reyes and Miguel Cuesta Boothman, until now professional partners responsible for the Civil Litigation and Corporate/Commercial areas of the Seville and Madrid offices, respectively, as new equity partners.

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