Arias (El Salvador) and Garrigues offices in New York and Mexico have helped the International Finance Corporation (IFC) grant a US$330 million loan to local finance group Banco Agrícola, which will use the money to fund green projects and support women-led small and medium-sized enterprises (SMEs) in El Salvador.
As governments respond to the pandemic by enacting emergency legislation that will affect all areas of society and doing business, we are providing a central information hub that contains the enacted legislation and other relevant official communication issued in relation to the crisis.
For the past two years, many UK law firms have been compelled to publicly disclose the difference between what they pay male and female lawyers. Gender pay gap reporting can be a blunt instrument, but acknowledging a problem is the first step to solving it. We consider the implications for Latin America’s legal market.
Partners sit at the top of the law firm pyramid structure and they have the biggest pay packets. The fact that women are in the minority in most law firm partnerships in Latin America – and indeed the world – is the main reason behind the gender wage gap in the legal profession. Here, we list four common explanations put forward to explain why more women don’t rise through the ranks to become partners.
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.
Leading law firms in Latin America and the US have had some success in increasing diversity among their rank and file, but a lack of leadership from an overwhelmingly white, male partnership in most firms is still preventing many women and lawyers from different ethic and socio-economic backgrounds from reaching the top positions, according to delegates at a diversity and inclusion conference at the New York City Bar Association earlier this week.