Latin Lawyer Elite survey 2020 / Structural changes below the surface / The Elite / Excellence in many firms / Unlocking the next level
In the first six months of 2020, the world has become a very different place from what it once was. This paradigm shift is evident in the contents of our latest quarterly magazine, as well as its new, digital form.
The pandemic and its associated disruption to normal business have precipitated a conversation about how law firms can adjust to survive. In Latin America, in addition to the coronavirus, firms also have to contend with an added threat of severe economic decline. We hear from the managing partners of Latin Lawyer Elite firms – the leaders in their field – about the profound changes the crisis has brought to their firms and what they are doing to remain at the peak of their markets.
This issue is also an opportunity to recognise the multitude of achievements by these firms. Each Latin Lawyer Elite firm’s exceptional strengths are detailed on these pages.
Declining macroeconomic prospects spell doom for almost all companies but some are uniquely positioned to weather the storm. Start-ups – fuelled by venture capital – have been resilient to negative circumstances in the past. Consequently, the Latin American venture capital scene has gained momentum during the past decade. We asked partners dedicated to the sector about the opportunities that lie ahead.
Reflecting the changed world we now live in – where working remotely has become the norm – we have observed a diminished value in producing hard copies of our magazines. Instead, this issue – and those to come – will be published online only, making it accessible to a far broader audience. We hope you enjoy the read.
The 2020 Latin Lawyer Elite firms lead the way in their respective markets on account of the excellent work they do for clients, but also because they invest significant time and effort in maintaining their competitive edge through astute business development and careful talent management.
Latin America’s venture capital scene has gained momentum during the past decade, with corporate venture capital now piquing the interest of multinationals, local companies and even some law firms. But the high-risk, high-returns nature of venture capital investment brings its own unique set of challenges and opportunities for lawyers advising on these deals. Are the stakes worth it, especially in these trying times?
The fallout of covid-19 is indelibly altering how law firms operate and deliver their services. Managing partners of Elite firms reveal the profound changes the crisis has spelled for their firms and the adaptations they are undergoing to remain at the peak of their markets.
Even after the spread of covid-19 has peaked, it is likely the world will be a very different place to what it once was. In the legal industry, the pandemic has led to changes in how law firms serve their clients that may well endure beyond the crisis. Some of these changes were in the air before covid-19, but now they seem more necessary than ever, finds Jaime Fernández Madero of Fernández Madero Consulting.