Beccar Varela celebrates its 125th anniversary in 2022 and is one of the oldest firms in the Argentine market. It is also one of the largest and regarded as one of the top leaders across the board.
Despite recent economic setbacks and rising inflation impacting Argentina, the firm has managed to maintain a steady flow of clients thanks to its full-service offering, which spans the vast majority of practice areas its clients need. Beccar Varela was a trailblazer as one of the first corporate law firms in Argentina to establish a white-collar crime and compliance practice. It also has significant strength in its non-transactional practice areas and stands out for its disputes and regulatory work. Other strong suits are insurance, labour and administrative law, and a growing data privacy practice.
Beccar Varela’s fintech practice has also grown exponentially since it launched in 2020, thanks to expanding client demand in this field. More recently, the firm added environmental and oil & gas practice groups in response to client requests.
Beccar Varela has considerable strength in corporate and M&A, banking and finance and capital markets work and in recent years has highlighted those skills in a series of high-profile transactions. The firm has a particularly excellent standing in finance circles, and it picks up a lot of work from that sector. Major banks such as Banco Galicia and Citibank regularly turn here. The latter has been a regular client of the firm since 1914. Other clients in the books are Meta, Samsung and meat packager Swift Argentina.
Notably, the firm had a role in Quinto Andar’s acquisition of Buenos Aires-based property advertisement company Navent Group. This deal won the Latin Lawyer’s Deal of the Year Award in 2021, in the private M&A category. Beccar Varela advised the buyer under local law in a transaction that spanned Argentina, Brazil, Ecuador, Mexico, Panama, Peru and Venezuela.
Widely respected managing partner Horacio E Beccar Varela is a keen moderniser and leads a forward-thinking partnership that favours consensus-driven leadership and encourages input from everybody. This has always been a strong partnership, which is important as Beccar Varela, and the executive committee are currently planning for a handover of leadership when he steps down. Management also encourages senior lawyers to actively engage in strategy and perform leadership roles, which makes for a highly dynamic and motivated firm. Promotions rounds are regular and in 2022, Beccar Varela strengthened its life sciences, corporate and finance practices by elevating three associates to its senior rank.
Beccar Varela is proud to look after its talent and in light of the country’s ever-growing inflation rate, the firm is reviewing salaries much more frequently (more than twice a year) and is adjusting its fees too. It has also streamlined invoicing to shore up its cash flow while it navigates Argentina’s exchange rates.
Beccar Varela puts a prominent level of importance on corporate social responsibility. The firm also provides corporate sustainability due diligence. Beccar Varela has an established diversity commission that analyses ways of promoting gender and socioeconomic diversity in its ranks. Meanwhile, Beccar Varela took home Latin Lawyer’s Pro Bono Law Firm of the Year Award in 2021 for its work helping vulnerable segments of the population gain access to free education and health assistance amid the pandemic.
Managing partner Horacio E Beccar Varela steers the firm with an executive committee of six members.
Alliances & networks
Beccar Varela founded the Club de Abogados network and is a member. The firm collaborates closely with fellow members Pinheiro Neto Advogados in Brazil, Gómez-Acebo & Pombo in Spain and VdA Vieira de Almeida in Portugal. Beccar Varela is also a member of the World Services Group, the International Network of Boutique Law Firms, Interlex and Aliança de Advocacia Empresarial (ALAE), an association of mostly Brazilian firms.
Beccar Varela has three offices: the main one located in Puerto Madero, in the heart of Buenos Aires; its first branch located in Tigre, province of Buenos Aires, and its first international outpost, established in 2020 in the free trade zone of Montevideo, Uruguay. The office is led by a partner but does not practice local law in Uruguay.