Iberian firms continue to be key conduits between Europe and the diverse markets of Latin America and Africa, attracting considerable foreign investor interest.

Renewables and energy transition are at the forefront in the region, growing rapidly in line with EU and national regulations, as well as with increased investor interest. AI is a key developing area, driven both by EU regulations and an uptick in AI-deals and cybersecurity mandates, and firms are seeing a high number of instructions for ESG-related issues.

In Spain, sectors such as aviation, education, sports, and tech continue to be significant. With alternative dispute resolution becoming increasingly mandatory, arbitration is also a booming focus for firms.

Portugal has seen a growing interest from foreign funds in venture capital and private equity transactions. Real estate is a particularly active sector, with data centres being a burgeoning industry, as regulatory changes relating to Simplex and major infrastructure initiatives continue to keep lawyers busy.

Legal 500 is proud to invite firms to the 2026 iteration of Iberia Awards, celebrating the exceptional achievements of legal professionals across Spain and Portugal, both in private practice and in-house. Rooted in the Legal 500’s rigorous and independent research, which informs our annual EMEA rankings, these awards spotlight the outstanding firms, teams, and individuals shaping Iberia’s legal future. Led by Awards Editor Tuva Nielsen and in collaboration with Iberia Editor Daniela Costa, winners will be selected by a judging panel with deep knowledge across jurisdictions and practice areas.