Partner hires at law firms operating in Latin America fell by almost a third in the second quarter of 2020 compared to the same period in the previous year, as firms rein in expansion amid the covid-19 pandemic.
The London office of US private equity heavyweight Kirkland & Ellis – the world's highest-grossing law firm – has recruited a Brazilian former Paul Hastings LLP lawyer as partner in its investment funds practice.
Davis Polk & Wardell LLP and Pinheiro Neto Advogados in São Paulo have helped Brazilian cosmetics company Natura issue shares, raising more than US$366 million.
Brazilian law firm Rennó, Penteado, Reis & Sampaio has strengthened its corporate and capital markets offering with a lateral hire from Latin Lawyer 250 firm Veirano Advogados.
In a series of changes to its top-level management, Trench Rossi has updated its executive committee - with Cláudio Moretti replacing Anna Tavares de Mello - and hired former Demarest finance controller Marcos Kawasaki as chief operating officer (COO).
Motta Fernandes Advogados has increased the representation of women in its partnership by promoting three female lawyers to partner, strengthening its corporate, tax and competition practices.
Demarest Advogados’ workforce will continue to work remotely until 2021, as part of a commitment by the firm to guarantee the health and safety of all its lawyers and staff.
Brazil’s Supreme Court is set to decide whether the country can continue to put money received from corporate settlements towards combating the coronavirus.
Simpson Thacher & Bartlett LLP in São Paulo and New York and Pinheiro Neto Advogados in São Paulo have helped Brazilian home appliance retailer Via Varejo raise 4.5 billion reais (US$845 million) in a follow-on offering.
TozziniFreire Advogados has helped US carmaking giant Ford sell an assembly plant to Brazilian company Construtora São José for US$108 million.