A professional limited liability company, Garrigues is owned by all of the firm’s practicing partners.
Professionals can be made partner following promotion by the Partners’ Meeting at the proposal of the managing body. Partners may only hold one or two shares. None of the partners hold more than 2% of the firm’s capital (something that sets Garrigues apart from the rest).
Governance and management structure
The Partners’ Meeting is the firm’s ultimate deliberating and decision-making body. Every four years, the Partners’ Meeting elects and appoints the firm’s managing body, presided over by a sole director: the firm’s executive chairman and managing partner, a position currently held by Fernando Vives. The managing body is responsible for the management, administration and representation of the firm, with the authority conferred on it by the law and its current bylaws.
The executive chairman and managing partner has to account to the Partners’ Meeting at least once a year. He is supported in his work by several consultative bodies provided for in the bylaws: the senior partner, the Board of Partners and the Professional Practice Committee, each with their own respective functions.
At present, the senior partner of Garrigues is Javier Ybañez, who chairs the Board of Partners. Both the executive chairman and the senior partner are full members of the Board.