PremiumLeaders of major law firms reveal predictions for reform

Leaders of the main law firms anticipate an increase in activity in areas such as restructuring, insolvencies, litigation and M&A, among others, despite the drop in revenues. And they admit mergers between firms.

The main Portuguese law firms are cautious about the evolution of the economy in the coming months. The possibility of a second wave of the pandemic and the end of credit default and the lay-off regime are the main unknowns that will dictate the pace of recovery, according to the industry leaders heard by Jornal Económico (see Forum on these pages). But one thing is certain: despite some impact on revenues, the current situation should lead to an increase in work in areas such as corporate restructuring, insolvencies, mergers and acquisitions (M&A), tax, litigation and labor, among others. In addition to opening the door to consolidation movements within the business advocacy sector itself.

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