Firm Profile

Barros & Errázuriz Abogados

Chile

Full-service offer with transactional power

LL 250 Elite

Established: 1988

Partners: 31

Lawyers: 135


Female partners: 7%

Partner to associate ratio: 3.4

Work areas
16

This firm is elite for services in the following work areas.

Barros & Errázuriz Abogados consistently packs a punch in everything it does. Its offering is imbued with innovative ideals, meaning that this well-established firm combines high-quality service with business know-how and leaves clients happy time and again.

With an upgraded internal governance structure, Barros & Errázuriz saw plenty of work across the board in 2021 as the Chilean economy started to recover from the covid-19 pandemic. Despite political uncertainty surrounding elections and the changes to the national constitution, the firm noted a return to a normal level of M&A activity in the past 12 months.

Chile remains attractive to foreign investors, keeping Barros & Errázuriz’s energy, project finance and M&A departments extremely busy.

Four partner promotions at the start of 2022 reflect the successful year that Barros & Errázuriz experienced. The firm also recently hired from a Latin Lawyer 250 competitor and added firepower to its competition and dispute resolution departments through two further promotions. These new appointments strengthened its mining, M&A, project finance and tax departments and signal the firm’s commitment to reinvigorate and re-energise its partnership.

Chile’s pledge to become carbon neutral by 2050 has resulted in massive investment in the country’s renewables sector, and Barros & Errázuriz’s energy practice benefitted from the situation. Its closely linked project finance team also had a strong year.

The firm first offered flexible working more than five years ago, so felt well prepared to adapt to the workplace changes resulting from the covid-19 pandemic. Barros & Errázuriz has adopted flexible working permanently, where the number of days in the office per week varies depending on the lawyer’s position in the firm.

Barros & Errázuriz was well prepared for the recent boom in Chile’s start-up and fintech sector, having established a stand-alone venture capital practice two years ago. The team of three partners has continued to work with Chilean start-ups, both those setting up businesses in Chile and those looking outside the country. In addition, the firm has helped an association of fintech companies on all the issues related to running their business in Chile. 

Overall, Barros & Errázuriz has a healthy client list. In recent years, the firm has worked with agribusiness AntarChile, Chilean retailer Falabella, local pulp and paper company CMPC, and Argentina’s Mercado Libre, among others. According to the latest research conducted by LACCA (the Latin American Corporate Counsel Association), Latin Lawyer’s affiliate publication, Barros & Errázuriz represents 9% of the region’s biggest companies. 

There are clearly defined practice areas at Barros & Errázuriz, but lawyers are known for taking a multidisciplinary approach that allows for a streamlined interplay between departments.

Barros & Errázuriz belongs to the Affinitas alliance, a network of leading law firms across the four countries in the Pacific Alliance trade bloc, and benefits greatly from its membership. The participating firms in Affinitas are closely aligned, meaning that Barros & Errázuriz works in proximity to Mexican member Mijares, Angoitia, Cortés y Fuentes SC, with which it holds a six-month exchange programme for lawyers. Associates also have the opportunity to take part in secondment programmes in Colombia and Peru, and the firm supports several associates studying for LLMs abroad.

Barros & Errázuriz cares about its talent. The firm recently created a diversity committee to ensure that equal opportunities were offered to all lawyers, while its senior partners see that associates can add creative thinking to deals and, therefore, try to make sure they work closely with partners.

Management

Corporate and M&A and capital markets lawyer Cristián Barros took over as managing partner in 2018, the same year the firm created its new executive committee. Barros is joined on the executive committee by partners Luis Alberto Letelier and Fernando Garrido.

Alliances & networks

Barros & Errázuriz’s membership of the Affinitas network connects the firm to other highly regarded firms in the Pacific Alliance countries: Gómez-Pinzón in Colombia; Mijares, Angoitia, Cortés y Fuentes SC in Mexico; and Miranda & Amado in Peru. The alliance continues to push for greater connections among member firms.

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