Ashursts launches Spanish tax practice
Legal Week reports
September 10, 2003 at 08:03 PM
2 minute read
Ashurst Morris Crisp has hired a partner from Spanish giant Garrigues to launch a local tax practice and appointed a new managing partner for its Madrid arm.
London-based corporate finance and M&A partner Steven Fox transferred to Ashursts' 19-lawyer Madrid practice this month to succeed current managing partner Duncan Stiles.
In addition to the management shake-up, Ashursts has raided 1,000-lawyer Garrigues for a tax partner to launch a new local practice. Eduardo Gracia becomes the firm's fourth Spanish-based partner, working alongside Fox, Gonzalo Jimenez-Blanco and Jesus Almoguera.
Tax is the third practice launch for the office in the last 12 months, after January's appointment of Baker & McKenzie property lawyer Cristina Calvo and the hire last October of Jimenez-Blanco, the general counsel at BT Ignite Espana, to set up a TMT group.
Meanwhile, Stiles, who has overseen the Spanish operations since its launch in January 2001, will relocate to the firm's London HQ to concentrate on his corporate practice.
"We identified Steven as the successor 12 months ago and he will be able to continue to develop the office while still being able to work with clients," said Stiles.
Stiles' tenure as Ashursts' Spanish head has seen the practice grow from scratch to bring in annual revenues of more than £3m in its latest financial year with the practice in 2002 more than doubling its turnover on its launch year.
The office has worked on a number of headline deals including Cinven's e1.2bn (£830m) purchase of Vivendi Universal's healthcare unit and CDC's e1.9bn (£1.3bn) acquisition of France Telecom's radio masts business.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View AllSkadden to Close in Shanghai and Make Cuts to China Corporate Practice
DWF Group's Canadian Firm Set to Add Fourth Office With 16-Lawyer Montreal Team
UK Law Firms Face £75M Money Laundering Investigations Alongside Russia Scrutiny
3 minute readTrending Stories
- 1The Law Firm Disrupted: Playing the Talent Game to Win
- 2A&O Shearman Adopts 3-Level Lockstep Pay Model Amid Shift to All-Equity Partnership
- 3Preparing Your Law Firm for 2025: Smart Ways to Embrace AI & Other Technologies
- 4BD Settles Thousands of Bard Hernia Mesh Lawsuits
- 5A RICO Surge Is Underway: Here's How the Allstate Push Might Play Out
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250