Guatemala market overview
Guatemala’s legal market stands out in Central America. Its comparatively large economy and closeness to Latin America’s second biggest economy, Mexico, are likely reasons why several sizable local firms are busy enough to thrive without the need for the regionalisation strategies adopted by most other firms in Central America. In fact, several of the individual firms remain among the country’s largest, such as QIL+4 Abogados and Carrillo y Asociados. Both are strong performers and rely on alliances or referral strategies rather than a network of offices in the region. They compete comfortably with familiar regional names like Aguilar Castillo Love, Arias, BLP and Consortium Legal.