Strength in numbers

Steps taken by Argentina's centre-right government to repair the damage done to investor confidence under the Kirchners means more work is on the way for the country's law firms. But to staff the increasing number of deals, firms are having to find creative ways to maintain their headcount. Lulu Rumsey speaks to the partners putting international exposure, and new approaches to working hours and career evaluations, at the centre of talent-retention strategies

Strength in numbers

For the legal community in Buenos Aires, talent has never been so important. After more than a decade of populist rule by a highly interventionist government, which kept foreign investors at bay and stoked macroeconomic uncertainty, Argentina appears to have turned a corner. The election of President Mauricio Macri means the country presents a more business-friendly environment to investors than it has done for a long time. Ambitious investment targets in sectors such as energy and infrastructure have encouraged firms to bolster their ranks in those areas and pay closer attention to talent retention. In 2015, law firms began growing cautiously after years of contraction, according to figures published in Latin Lawyer 250. "It's one of the most important investments any law firm can make," says Baker McKenzie (Argentina) managing partner Gustavo Boruchowicz. "The quality of a law firm is equal to the talent it has. The better lawyers and professionals you have, the better quality you deliver: there's a direct correlation. It's just fundamental."



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