Salvador Espinosa de los Monteros

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Practice Area/Industry:

Languages Known:

  • English
  • Spanish



Best Lawyers


Salvador Espinosa de los Monteros Garde is a partner at Garrigues. Since its creation in 1998, he has been in charge of Garrigues’ Human Capital Services professional services line, encompassing areas such as the design and implementation of compensation systems and remuneration formulas for senior managers and employees, international staff transfer management and the implementation of companies’ employee welfare programs. Salvador regularly advises boards of directors, appointments and remuneration committees, HR managers and tax and legal counsel of listed and unlisted companies, both Spanish and subsidiaries of foreign multinational groups, on the design, implementation and tax and legal implications of the compensation packages for their directors, senior executives and employees.

He is an expert in tax law, insurance law, corporate governance and in the design and implementation of compensation systems for directors, executives and employees.

He is a senior lecturer on the Master’s Degree programs on Human Resources, Taxation, and Banking and Finance at Centro de Estudio Garrigues and is responsible for the Compensation and Benefits area of the Human Resources Master’s Degree program. He also lectures at Centro de Estudios Financieros. He is a member of the teaching staff at Instituto de Estudios Fiscales of the Ministry of Finance and lectures on the Business Law Master’s Degree offered by Universidad Autónoma de Madrid. He is a regular speaker at seminars and conferences organized by various public and private organizations such as Universidad Complutense, APD, Instituto de Fomento Empresarial, etc.

He is part of the Consultation Group of Fundación de Estudios Financieros, a member of the Spanish Expatriation Forum, the Global Equity Organization (GEO), the World Services Group (WSG), in charge of the compensation area of the international organization Taxand, and a member of the Advisory Board on the Human Resources Master’s Degree program offered by Centro de Estudios Garrigues.

He has been included each year since 2009 in the ranking of the prestigious directory Best Lawyers as the best lawyer in his practice. In 2015, he was also recognized as lawyer of the year in the “Employee Benefits Law” practice.

He is a member of the Madrid Bar Association and the Madrid Association of Economists.

Academic background:

Degree in Economics and Business Studies and Degree in Law.

Master’s Degree in Corporate Tax Advice from the Escuela de Economía. Official Auditor, registered on the ROAC.


He is the co-author of a range of works including “The New Compensation Environment in the Finance Industry” (*), Corporate Governance Observatory of Fundación de Estudios Financieros (2015); the book “International Taxation” (*), published by Centro de Estudios Financieros (2013); “Director and Senior Executive Compensation at Listed Companies” (*), Corporate Governance Observatory of Fundación de Estudios Financieros (2008); “Some Reflections on Workers’ International Mobility” (*), 2007, No. 839 ICE 103; “Personal Tax Income Reforms” (*) published by Thomson (2007); “The Listed Company” (*), published by Marcial Pons (2006); “Recommendation on Directors’ Compensation” (*), Estrategia Financiera, Wolters Kluwer, 2004; “The Misuse of Stock Option Plans” (*), Economía Exterior (2003); and “Compensation” published by Aranzadi (2000).

(*) originally published in Spanish. See Spanish CV for more information.

He regularly publishes articles in specialist journals and newspapers.