One in three partners at Central American firm BLP are now women after a promotion in Nicaragua and a hire in Costa Rica, bucking regional diversity norms.
Nicaragua is facing its first claim at the International Centre for Settlement of Investment Disputes (ICSID) in more than a decade, lodged by a group of US investors over the alleged expropriation of a hydrocarbon concession.
A survey of Latin Lawyer Elite firms by Latin Lawyer and law firm consultancy Adam Smith, Esq has found overwhelming enthusiasm for AI with one in three already trialling or using the technology. But how AI will transform the legal space proved more divisive. Tom Muskett-Ford reports
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