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.
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.
Morgan & Morgan in Panama City has helped Nicaraguan shrimp producer Farallon sell its business to Canadian fish farming company Cooke, which is on an expansion drive.
Choate Hall & Stewart LLP in Boston, Greenberg Traurig SC in Mexico City, Nicaragua’s Nassar Abogados and Colombian firm Posse Herrera Ruiz have helped Phoenix Tower International (PTI) acquire 500 communication towers across Colombia, Mexico and Nicaragua for US$100 million.
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.
Panamanian law firm Lovill and Central American LatamLex Abogados have cancelled a partnership that they entered into in 2014.
García & Bodán has promoted three lawyers to partner, strengthening the firm’s tax team in Nicaragua and its IP and energy practices in Honduras.