Deal Tracker: Which were the busiest firms in Q1 and Q2 2023?

Deal Tracker: Which were the busiest firms in Q1 and Q2 2023?

Following several presidential elections in Latin America last year, the region’s markets bounced back from political and economic uncertainty at the start of 2023. Latin Lawyer’s latest Deal Tracker Report reveals which firms worked on the most deals across the region during the first half of the year.

Law firms reported a total of 1,780 unique deals that took place in the first two quarters of this year, a 14% increase from the first six months of 2022. The second quarter of 2023 proved particularly busy for law firms in Latin America, with a record high of 979 transactions submitted to Latin Lawyer’s Deal Tracker.

M&A represented the largest share (36%) of deals sent to Latin Lawyer between January and June. Debt capital market transactions also kept lawyers busy across the region, with just over a third of all submitted deals taking place in that category.

Easing inflation and increasingly stabilised interest rates in some of the region’s largest jurisdictions, as well as global market conditions favouring Latin America, are some of the factors behind the dealmaking trends.   

Brazil and Mexico experienced stronger-than-expected growth in the first six months of the year, according to Tony Del Pino, chair of Latham & Watkins LLP’s Latin America practice group. “The region has also benefitted positively from a blend of factors including China’s swift reopening, supportive commodity prices and limited domino effect from financial stress in the US and Europe,” he adds. Some of the region’s core sectors, including energy, renewables, mining and infrastructure attracted significant investor interest in the first half of the year.

According to the latest Deal Tracker Report, Brazilian firm Machado Meyer Advogados worked on the most transactions in the first half of 2023, with a total of 139 deals. It was followed by fellow Brazilian outfits Pinheiro Neto Advogados and Lobo de Rizzo Advogados.

Outside Brazil, the Latin American firm that submitted the most deals was Argentina’s Bruchou & Funes de Rioja. Creel, García-Cuéllar, Aiza y Enríquez SC proved the busiest Mexican firm, with a total of 59 deals submitted in the first half of the year.

The full report can be downloaded here.

The table below shows the busiest firms across the region during the first two quarters of 2023.

The Deal Tracker Report is based on data submitted to our Deal Tracker tool by law firms across the region. It covers seven practice areas: M&A, banking and finance, debt and equity capital markets, project finance, funds and restructuring.

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