Colombia’s Brigard Urrutia has helped Chilean logistics company SAAM buy a majority stake in Colombian towage company Intertug.
Spanish law firm Ecija is growing its presence in Latin America by opening an office in Mexico and expanding its existing footprint in Panama by absorbing local outfits.
Panamanian law firm Arias, Fábrega & Fábrega has bolstered its litigation, arbitration and aviation offerings by bumping up two junior partners to the equity partnership.
Panamanian law firm Morgan & Morgan has strengthened its corporate practice by promoting a senior associate to partner.
A host of firms including Greenberg Traurig LLP, Milbank, Sidley Austin and Hughes Hubbard & Reed are advising on a debt restructuring for Colombian-Panamanian aviation group Avianca.
Greenberg Traurig LLP in Miami and Panama’s Morgan & Morgan have helped Colombian airline Avianca complete a notes exchange offer worth US$550 million.
Lawyers don’t tend to leave a career in private practice to go in-house for the money, instead they’re often after better equilibrium between their professional and personal lives. Nowadays, law firms are competing better with companies on the work–life balance they offer their associates, but how successful are their efforts?
Generation Y is often thought of as a tough nut for employers to crack, so it’s positive news for law firm managing partners that a good number of today’s associates have long-term ambitions at the firms they are in. But with so many lawyers having their heart set on becoming partner and only a certain number of spots available, how can firms maintain satisfaction levels among lawyers, whether they’re on the partnership track or not?
Fewer Latin American law firm associates feel positive about their salaries than they did a few years ago – and for good reason, as many pay packages are not rising above inflation. But despite meagre economic growth putting paid to increases, more associates rate their wages positively than negatively.
US professional services firm Andersen Global has signed a collaboration agreement with Central Law, giving it six bases in Central America and Panama.