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.
Peru was the busiest country for M&A transactions in Spanish-speaking Latin America during January and February, with more deals taking place there than in Mexico and Argentina combined, according to Latin Lawyer’s research.
The average percentage of partner positions at Latin Lawyer 250 firms held by women is now 23%, barely more than the number we reported when we began tracking partner diversity back in 2013.
International law firm Kennedys has expanded its footprint in Latin America by entering three associations with local firms in the Dominican Republic, Guatemala and Panama.
Some 150 Latin American and international law firms have helped companies in the region raise more than US$200 billion through nearly 800 debt and equity capital markets deals throughout 2018, according to Latin Lawyer data.
Argentina’s Pérez Alati, Grondona, Benites & Arntsen and international law firm Shearman & Sterling LLP advised on the most debt capital markets transactions in Spanish-speaking Latin America during November and December, according to Latin Lawyer’s latest research.
Latham & Watkins LLP and regional firm Arias have helped Spanish telecoms company Telefónica sell assets across Central America to counterparts Millicom and América Móvil for some US$2.3 billion.
José Augusto Toledo, former managing partner of Arias’ Guatemala office between 2007 and 2016, has opened Clarity Law in Guatemala City, catering to mid-size companies and start-ups.
Panamanian law firm Lovill and Central American LatamLex Abogados have cancelled a partnership that they entered into in 2014.
US immigration law firm Fragomen, Del Rey, Bernsen & Loewy LLP has launched its 12th office in Latin America in as many years, opening its doors in Guatemala City today.