Ecuador market overview
Ecuador has a compact, consolidated legal market. Pérez Bustamante & Ponce Abogados is by far the largest player, invariably winning work on the country’s biggest transactions. It has solid contenders in the constantly growing Ferrere and a new-look Bustamante & Bustamante, which are both capturing an increasing amount of cross-border deal work. Those firms lost a prime competitor in terms of headcount in Corral Rosales Carmigniani Pérez, which split into its legacy firms a few years ago. Both firms remain core members of the market, albeit smaller in size.