The gender gap in law firm partnerships may be firmly in the spotlight, but it’s proving very hard to close. Latin Lawyer’s women in law survey reveals there has been next to no improvement in the number of female partners in Latin American law firms. The lack of progress has prompted some scratching of heads, particularly given the endless discussion about women lawyers. The results show that while there is a genuine interest in finding ways to support women interested in pursuing a career alongside motherhood, the assumptions and behaviour of men and women are still influenced by deep-seated cultural beliefs.
Changing mindsets takes time, which is why the conversation about women in law needs to continue. Fortunately, there are stories of progress across the region, from Brazil, which is famously ahead in terms of gender diversity, to Mexico, where the advancement of women in law has been far slower but the calls for change are growing louder.
When it comes to transformation, nowhere in the region is advancing as quickly as Argentina, which returned to the international markets with a bang in May after the new administration struck a deal with holdout creditors, and we talk to the lawyers who put the historic sovereign bond deal together. President Macri wants to attract private investors to help rebuild the country, hence a new PPP law that we examine in detail in this issue.
While Brazil has a new interim president, it has a long way to go towards rebuilding its economy and the queue of companies applying for bankruptcy protection grows longer. The country’s bankruptcy law is being put to the test now more than ever. Will the legislation stand up to such heavy use? And how is the restructuring boom shaping the legal market?
Finally, with the Panama Papers revelation still fresh in our minds, we find out how well prepared firms are in the fight against cybercrime.