Senior partners of Latin American law firms like to say that today’s associates have it good. Law firms invest in their well-being and listen to their concerns, in order to build motivated, loyal teams.
Despite all the talk of millennials being demanding and unattached to their place of work, law firms in the region will be pleased to hear that their investment in talent could be paying off: Latin Lawyer’s inaugural associate satisfaction survey shows that lawyers are happy in their careers. However, there is always room for improvement, particularly in the areas of career development and work–life balance.
More Latin American firms are also starting to widen their view on diversity. As well as gender issues, considerations are being made for LGBT groups, ethnicity, religion and disability. Progress is far from universal, and hard data are hard to come by, but some of the firms that are most active in the area share their experiences with us in this issue.
Elsewhere, we hear how Mercosur members’ dispute over Venezuela’s presidency threatens to overshadow negotiations with the European Union and deepen divisions in the trade bloc. We also talk to lawyers in Chile about the recent electricity auction, which could significantly reduce people’s energy bills – providing the winning bidders can deliver on their promises.
Finally, lawyers at Jones Day inform us of a little-known tool used by the US government to ramp up enforcement after the Panama Papers, which represents a serious threat to companies and individuals alike.