In a fast-changing world, the Latin Lawyer Elite firms of 2018 have shown themselves willing to take innovative steps to defend their leading positions.
Costa Rica-based Sfera Legal has absorbed Ayala & Betancourt in San Salvador and hired a former Consortium Legal associate in Managua to open offices in both countries today.
Foreign investment fuels a huge amount of deal activity in Latin America, giving international firms, particularly those from the US and UK, a major role in transactions.
The Big Four, the commoditisation of legal services and encroaching global firms are threats keeping managing partners from Mexico City to Rio de Janeiro up at night. At a roundtable in San José, partners told Tom Muskett-Ford why firms in Central America, the most integrated market in Latin America, can face off some of those threats with a new wave of consolidation, which could see them expand beyond Central America’s borders to stay ahead of the competition.
Representatives of the New York State Bar Association's (NYSBA) Latin American Council called on the region's law firms to adopt a single set of ethical guidelines at a conference held in New York yesterday, but some speakers questioned the project's multi-jurisdictional approach and enforceability.
Claudette M Christian and Joshua B Press
Anthony S Harrington
Albright Stonebridge Group