Latin Lawyer Elite firms have each carved out their own paths towards excellence and demonstrate unique areas of strength. Here, we announce this year’s Elite.
Barros & Errázuriz Abogados
In the latest of a series of debt capital markets league tables, we present our findings for Chile. Morales & Besa had the highest combined deal value of any Chilean law firm in 2019 and it also worked on the most debt transactions along with Prieto, according to Latin Lawyer’s data.
Latin Lawyer recorded 20 debt capital markets deals in Chile from July to December, with a total combined value of approximately US$8.1 billion.
The 2019 Latin Lawyer Elite firms are profiled here. Each have carved out their own paths towards excellence and demonstrate unique areas of strength.
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.
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?
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.
For today’s associate, it seems, money isn’t everything. Based on the results of Latin Lawyer’s inaugural associate salary survey, although increasing numbers of law firms are offering above-inflation salary increases to attract, and retain, young talent, many are finding generous pay packets aren’t enough to entice hard-to-pin-down millennials. Latin Lawyer presented the results to partners from across the region at a round-table event held in Buenos Aires in October last year. Lulu Rumsey reports why this is and finds out what associates really want