Panamanian bank group Promerica has hired Hunton Andrews Kurth LLP in Miami and Richmond and Alemán, Cordero, Galindo & Lee in Panama City as lead counsel for its first ever US issuance, worth US$200 million.
Linklaters in New York and four offices of Aguilar Castillo Love have helped US glassmaker Owens-Illinois acquire a minority stake in counterpart Empresas Comegua.
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.
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.
Claudette M Christian and Joshua B Press
Anthony S Harrington
Albright Stonebridge Group