João Vieira de Almeida featured in an article in the Jornal de Negócios regarding the continuation of the current crisis and its consequences for Portuguese law firms alongside the recent tribulations felt by their Anglo-Saxon neighbours.
For the managing partner of VdA, ‘the truth is that nobody really knows the extent of the crisis and it would be imprudent at this juncture to rule out any particular scenario’, offering as evidence of this ‘that Portuguese firms have never experienced growth on the scale of their international bretheren, and for the same reason, have never suffered such drastic losses either”.
Concerning the impact of the crisis and the streamlining being carried out by Anglo-Saxon law firms, João Vieira de Almeida concluded that ‘If a contraction of the legal market were to occur in Portugal, it would be unlikely to have - one would hope - the same extreme repercussions that have befallen this sector in other countries'