The 2019 Latin Lawyer Elite firms are profiled here. Each have carved out their own paths towards excellence and demonstrate unique areas of strength.
For a law firm to be more than a short-lived success, it must be able to guarantee its survival with each handover between different generations of partners. The managing partners of Elite firms reveal how they prepare ahead of time to contend with the reality of partner succession.
Some 150 Latin American and international law firms have helped companies in the region raise more than US$200 billion through nearly 800 debt and equity capital markets deals throughout 2018, according to Latin Lawyer data.
Law firms that stand out for the pro bono work done by their lawyers and for their efforts to build a lasting pro bono infrastructure, both internally and in their legal market.
There are some clear front runners in the M&A space, as our country league tables illustrate. With big global firms still featuring in the large majority of high-value transactions in Latin America, how does a local firm’s international strategy affect its referrals and deal flow?
Based on Latin Lawyer’s data, some US$12.28 billion was raised through 20 IPOs in Latin America last year, but 2018 is looking less promising.
121 deals worth a combined US$9bn in 2017 Close to $3 billion was invested in Chile’s banking and financial services industry in 2017 according to our deal count, while the construction, power, food and drink, and mining industries each saw transactional activity worth $1 billion. Carey, which sits at the top of the league tables having worked on almost double the number of deals than its nearest competitor, was the busiest law firm in all of these sectors bar construction. There, Claro & Cia had a strong showing alongside Garrigues, Morales & Besa, Baker McKenzie and Larraín y Asociados, while Claro & Cia and Philippi Prietocarrizosa Ferrero DU & Uría both had busy years. The other five of Chile’s eight biggest firms by headcount all pulled in between nine and 13 deals. Some 15 firms worked on five or more deals in 2017, including two foreign newcomers; Garrigues with 11 deals, and CMS Carey y Allende with eight. Prieto was notably visible with 21 deals.
In a fast-changing world, the Latin Lawyer Elite firms of 2018 have shown themselves willing to take innovative steps to defend their leading positions.
Here we list 56 “Leading Lights”: law firms who responded to our survey and whose pro bono efforts during 2016 stood out
Latin Lawyer profiles the 40 Latin American law firms with an eye firmly on the future.