Consortium Legal (Honduras)
Forward-looking market leader
Consortium's Honduran arm is comfortably one of the best full service firms in the country. It reported a good year in 2016, increasing its headcount and snapping up a large amount of cross-border banking and finance work. This is an area of law where the firm's leadership is unquestionable. Indeed, Consortium was the Honduran Banking Association's port of call when the government overhauled money laundering legislation following collapse of Banco Continental amid criminal allegations. It is also a market leader in tax law and fields a great corporate and M&A team. No other law firm in Honduras is so highly rated in in-house counsel research conducted by Latin Lawyer's sister publication, the Latin American Corporate Counsel Association.
Consortium was one of the first Central American firms to regionalise. Its massive head start has allowed it to integrate very effectively, increasing its offices' cross-selling abilities. Consortium is fostering deeper practice area specialisation and developing new offerings across its offices, such as antitrust. These efforts are complemented by a robust customer feedback programme and the secondment of its associates. The firm also priorities the continued education of its lawyers.
Consortium has three offices in Honduras: Tegucigalpa, the industrial centre of San Pedro Sula and the resort island of Roatán. The firm has seven offices outside the country in Costa Rica, El Salvador, Guatemala and Nicaragua. Aside from bases in the capitals, these include outposts in the Nicaraguan cities of León and San Juan del Sur.
Alliances & networks
Consortium Legal is a member of the World Services Group.
A financial sector-heavy client listing stands out in Consortium's Honduran branch. Customers include the Honduran association of banking institutions, Citibank and Credit Suisse. US private equity group Cerberus Capital Management is another recent client.
Banking & finance
Key partners: José Ramon Paz and Gustavo León-Gómez, both of whom are recognised in LACCA Approved, in-house counsel research conducted by Latin Lawyer’s sister publication, the Latin American Corporate Counsel Association.
Analysis: Consortium’s flagship practice packs a serious punch. Its senior lawyers are deeply respected and are among the first to be consulted amid major legislative changes. The wider practice group pulls in considerable work and boasts a diverse client list. They cover everything from financial structuring and cross-border loans to regulatory compliance and complex collateral packages.
Most recent deals
Corporate and M&A
Key partners: José Rafael Rivera Ferrari, who is recognised in LACCA Approved.
Analysis: Corporate and M&A is one of Consortium’s strongest practice groups and its Honduran branch is no exception. The practice attends the day-to-day needs of various clients and offers a diverse list of products, including trust structuring and corporate governance. The firm has strong M&A knowledge as well. Clients have come from the construction and energy sectors in the past.
Key partners: Oscar Armando Manzanares, who is recognised in LACCA Approved.
Analysis: Consortium has a highly-rated tax department in Honduras. It covers everything from tax structuring to corporate reorganisation and estate planning. The firm provides proactive and reactive defence strategies against tax audits.
Key partners: Ulises Mejía
Analysis: The firm has one of the better disputes offerings in the market. Its litigation team is supported by arbitral know-how and regional backing. The firm’s emphasis on practice area specialisation is especially strong in this area of law, with the firm fighting hard to get tough multi-jurisdictional work.
Analysis: The firm is listed by Latin Lawyer as a Leading Light for pro bono work. The amount of time lawyers dedicate to pro bono varies across the firm’s offices and the practice is comparatively nascent in the Honduran branch. Operación Sonrisa, which provides free reconstructive surgery to children, and corporate social responsibility NGO Fundahrse are recent clients. The office also maintains a cooperation agreement with the country’s Chamber of Commerce and Industries of Cortés; a voluntary organisation that connects people with lawyers in trade, industry and services to promote social mobility in business.