Published April 2016
Which law firms are regularly retained by the region's largest 100 companies? LACCA presents its landmark research.
Resource-rich Chile may be feeling the full effect of the end of the boom in commodity prices, which propelled the country’s growth over the past decade, but law firms have been taking full advantage of the downturn.
Our analysis of the law firms used by the region’s largest companies shows that despite political and economic hardships, the business of law is still booming in Brazil.
Latin America’s fourth largest economy suffered the after-effects of a drop in commodity prices and devaluation of the peso over the past year, but Colombia remains one of the fastest growing economies in the region and a favourite place to do business among the Top 100 companies.
Reducing costs was top of the agenda for general counsel in 2015, but while some focused on cutting the number of law firms they use, others looked at more inventive ways to scale back on legal department spend. As part of LACCA’s research into Who Represents Latin America’s Biggest Companies, Alison O’Connell spoke to GCs around the region to find how they retain the best counsel without breaking the bank.
Each year, LACCA conducts detailed research into which law firms represent Latin America’s largest 100 companies, as ranked by revenue. These tables show which companies make up our top 100, and also which law firms represent them, both region-wide in and different jurisdictions.
Latin America’s economic slump has hampered growth in both Uruguay and Paraguay, but both countries remain important assets to some of the region’s biggest companies according to LACCA’s research.
Bolivia, Ecuador and Venezuela may not be the easiest Latin American countries in which to do business, but they remain important markets for many of the region’s biggest companies.
Mexico’s economy has proved more resilient to the external headwinds affecting other countries in the region over the past year. The country has taken advantage of the rebound in the US economy and reform efforts have continued to improve the business climate, enhancing the regulatory environment and liberalising investment regimes.
We analyse which law firms came out on top of our research into Who Represents Latin America’s Biggest Companies and take a look at developments in legal markets across the region.