In shining a spotlight on issues that have been bubbling under the surface for years, the covid-19 pandemic and the pressure it puts on client appetite for costly legal services is a chance for progressive law firms to rethink entirely how they value what they do. In doing so, they can remodel themselves into organisations of the future.
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.
A recent Latin Lawyer survey of more than 100 Latin American law firms indicates a significant proportion – one in five – have opted not to reopen their offices after closing earlier this year in response to the covid-19 pandemic. Those that have reopened are operating at much-reduced capacity, with safety precautions in place. Our survey highlights changing attitudes towards office life and the chief concerns partners have about remote working.
As he steers Brazil’s Pinheiro Neto Advogados through the unprecedented perils of the covid-19 pandemic, Alexandre Bertoldi, 59, is preparing to take on a new chairman role.
The fallout of covid-19 is indelibly altering how law firms operate and deliver their services. The managing partners of Elite firms reveal the profound changes the crisis has spelled for their firms and the adaptations they are undergoing to remain at the peak of their markets.
Even after the spread of covid-19 has peaked, it is likely the world will be a very different place. In the legal industry, the pandemic has led to changes in how law firms serve their clients that may well endure beyond the crisis. Some of these changes were in the air before covid-19, but now they seem more necessary than ever, finds Jaime Fernández Madero of Fernández Madero Consulting.
The 2020 Latin Lawyer Elite firms are profiled in this series. As the spider charts illustrate, they have each carved out their own path towards excellence and demonstrate unique areas of strength.
The fallout of covid-19 is indelibly altering how law firms operate and deliver their services. Managing partners of Elite firms reveal the profound changes the crisis has spelled for their firms and the adaptations they are undergoing to remain at the peak of their markets.
The UK’s top law firms have long sought to gain ground from New York’s white-shoe elite when it comes to some of the most lucrative work in Latin America: cross-border M&A deals governed under New York law. But establishing a foothold in the upper echelons of the US market – a starting point to winning such transactions – is not easy. What are the UK’s magic circle doing to square up to their US rivals?
Jaime Carey’s ability to break new ground and cultivate long-lasting tradition in equal measure is what makes him stand out from the crowd. We interview a man who knows the value of applying a business savvy approach to law firm management, while never losing sight of what he believes truly matters.