Argentina’s second largest city, Córdoba, has hired Córdova Francos Abogados in Buenos Aires to restructure US$150 million worth of foreign debt, following in the footsteps of the federal government and the province of Mendoza.
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At the age of 69, as active as ever, Paulo Cezar Aragão remains among Brazil’s most influential and respected lawyers, a titan of the profession capable of making the difference at a high-stakes negotiation table like very few are.
Law firm participation on behalf of corporates in the discussions that led to the United States–Mexico–Canada Agreement is evidence of the unique perspective lawyers bring to the table in interactions between companies and governments.
The average hourly rate charged by Latin American law firms is falling. Data suggests this was the case even before the onset of the economic crisis induced by covid-19, particularly for associate rates. As firms consider creative means to serve challenged clients, prices are likely to reduce even further.
Doing more with less is a tough challenge. LACCA’s latest legal spend survey found most in-house teams have reduced their legal budget in the last year, a period when workloads have increased and the complexity of legal issues facing companies has deepened as a result of the covid-19 pandemic. Balancing less budget with more responsibilities has led GCs across the region to find windows of opportunity in unlikely places.