Eduardo Mayora is Mayora & Mayora’s regional managing partner and son of Eduardo Mayora Dawe, founder of the firm. He has been an attorney and notary since 1980, and has various postgraduate degrees (including doctorates) in law and economics. A renowned Guatemalan lawyer, Mayora’s practice includes banking and finance, commercial, securities, arbitration, administrative and fiscal matters. A distinguished academic, he teaches at the Francisco Marroquín University Law School in Guatemala City. He is recognised as a leading lawyer in banking and finance, tax, and corporate law by associations such as Chambers and Partners, The Legal 500, LACCA and IFLR1000. Mayora has served as a director of banking and professional institutions, as well as international NGOs and associations, and he is often involved in global conferences.
Questions & Answers
Thought Leaders 2021 - Interview with Eduardo Mayora
Describe your career to date
My career has been exciting and interesting. I have had the thrill of meeting with a major client for the first time; of arguing a case before the Supreme Court for the first time; of reporting to the president of the nation on a professional assignment; of winning a big case; of conceiving a fundamental and new legal doctrine that stands the test of time; and of lawsuits. There have been, also, difficult moments; I had to humbly accept the unjust and unfounded opinion of an arbitrator that I myself proposed, which contradicted my idealised image of him; I’ve lost clients to competitors that told them what they wanted to hear, even if that was not the right or legal solution to the case; I have misjudged the intentions of another colleague in a trial; and I have mistakenly trusted some people who have taken advantage of my clients.
What do you enjoy most about being a lawyer in your practice area?
What I enjoy most is to get to that moment when I “see the light” in any matter that requires a deep analysis, and to see it work successfully in practice for my client.
What is the most challenging case or transaction you have ever worked on and why?
That is an easy question. My firm was hired to provide legal advice on the privatisation of the telecoms sector by the government, led by the person I consider to be the best president we have had in Guatemala in the past 50 years. I was asked to lead the local and international legal teams. The process was successful and the government received a price acceptable on the basis of the criteria set by the international financial advisers. However, the process took over 20 legal challenges, reporting to the opposition in Congress, drafting bills to amend certain pieces of legislation, and facing the political foes of the process on national TV.
What are the greatest challenges for lawyers in your practice area in your country this year?
In my opinion, not only this year but for the past few years the judiciary - or a good part of it - in Guatemala has lost independence to special interest groups, to political factions, and even to organised crime. All this can make one question why any person with moral integrity and a basic sense of civic duty should want to practise law.
How do you expect your practice to evolve over the next five years?
I will devote more time and effort to enhancing and articulating the spirit of teamwork among all of us. The technological tools and knowledge available today to become a metaphorical “chorus line” are more within our reach, and we can take our esprit de corps to the next level.
What do clients look for when selecting you as a lawyer?
I would like to think that they look for answers based on a rigorous analysis of their matters, and also for reasonable solutions that stand the test of time, that are right, and that are based on in-depth legal training and a broad experience, gained after almost 40 years of practice.
How would you like to see your law firm develop in the coming years?
I would like to see my firm completing its regional expansion throughout Central America, because our clients and colleagues do demand that kind of multi-jurisdictional reach. I would also like the process of specialisation of our human capital to deepen further, because our clients also value the support of a true expert.
You have enjoyed a very distinguished career so far. What would you like to achieve that you have not yet accomplished?
I have had little time to devote to my colleagues on a more personal level. I would like to be able to follow the steps of my dad, also, in that way.