Here we celebrate “Leading Lights”, the law firms making a noteworthy contribution to strengthening Latin America’s pro bono culture.
The average hourly rate charged by Latin American law firms is falling. Data suggests this was the case even before the onset of the economic crisis induced by covid-19, particularly for associate rates. As firms consider creative means to serve challenged clients, prices are likely to reduce even further.
Pellerano Nadal Law & Consulting in Santo Domingo has helped investment consortium Allied Cigar Corporation buy British tobacco company Imperial Brands’ assets in the Dominican Republic as part of a global transaction worth US$1.1 billion.
Seven firms have confirmed their role in Blackstone’s acquisition of Spanish-based gaming corporation Cirsa from the company’s founder in a cross-border deal that involved multiple Latin American jurisdictions.
The Dominican Republic is not seeing the same record level of economic growth as it has done in recent years, but it still reported a more than respectable 5% growth for 2017, a figure that looks to be sustainable for 2018.
Headrick Rizik Alvarez & Fernández has helped Dominican financial services company Vimenca renew its 29-year agreement with US money transfer provider Western Union.
DR&R Abogados y Consultores Fiscales in Santo Domingo has helped energy company Montecristi Solar FV obtain a loan for the construction of a 57 megawatt solar power plant.
Dominican heavyweight Headrick Rizik Alvarez & Fernández has promoted three lawyers to partner, strengthening its transactional and disputes capabilities and increasing its partnership by almost 40%.
A civil and economic rights group established by The Cyrus R. Vance Center for International Justice has launched an anti-corruption initiative that will organise private practice lawyers across the Americas to support government efforts to crack down on corruption.
Latin Lawyer’s 11th annual charity awards ceremony is being held in aid of three of the region’s pro bono clearinghouses, including Fundación Pro Bono in the Dominican Republic.