Full service firm with an outstanding reputation in the capital markets sphere. Highly experienced transactional practice that covers capital, debt and hybrid matters as well as handling the full scope of regulatory issues. "The team has a lot of experience in complex capital markets operations, shows a lot of knowledge in the matters it deals with for us and explains legal issues very clearly." "High-quality work combining rigorous legal knowledge, understanding of the clients' needs and availability."

Morais Leitão, Galvão Teles, Soares da Silva & Associados has an excellent track record in capital markets work. On the debt side, the team acts for Barclays, Energias de Portugal (EDP) and Morgan Stanley. Practice head João Soares da Silva, Luísa Soares da Silva and Carlos Osório de Castro are key names to note. Ricardo Andrade Amaro and Eduardo Paulino were made up to partners in 2015.

The debt market in Portugal has come to a halt recently, and as a result the capital market team has been far more active on the equity side. Despite this the firm was active in a couple of transactions, for instance Luísa Soares da Silva advised Energias de Portugal (EDP) with the issue of €1 billion of notes due 2022, under its €12.5 billion programme.