Chevez, Ruiz, Zamarripa y Cía SC has a long-established reputation in the field of tax and comfortably sits at the top of the market despite efforts by full-service firms to build their offerings.
The firm was founded by accountants rather than lawyers, giving it the edge in the provision of tax consultancy services early on. Having established a foothold through its accountancy-focused service offering, Chevez Ruiz then invested in high-growth areas: adding a tax litigation area when Mexico joined the OECD and signed NAFTA (which has now been replaced by USMCA) and launching international trade and transfer pricing departments as financial transactions became more complex and multi-jurisdictional.
Chevez Ruiz utilised its tax litigation experience to develop a broader litigation practice a few years ago, which now covers cases relating to anti-money laundering, public contracts, anti-corruption, energy and consumer protection.
This concerted effort to become a full-service outfit remains evident as the firm has launched brand new practice groups in the last few years: banking and finance, corporate and M&A, and labour, all staffed with senior lateral hires, including at partner level. In 2020, Chevez Ruiz bolstered the labour team promoting one associate to partner and launched an IP practice hiring a senior associate from a rival firm as a director and head of this new area. The firm started 2021 on the same footing, bringing a partner EY Law to boost its corporate, banking & finance and capital markets offering.
This intent to diversify the firm’s offering has not meant that the firm has neglected its core area of taxation, 2 promotions in 2020 saw both the consulting and litigation divisions strengthened.
This firm’s client base consists of large multinationals, such as Brazilian mining company Gerdau, that want lawyers who truly know the ins and outs of Mexican tax legislation. The firm aims to assign two partners to each important client, usually with different but complementary skillsets. Chevez Ruiz’s team of transfer pricing experts – among them lawyers, economists and accountants – are advising companies and individuals undergoing extensive audits by local tax authorities.
Chevez Ruiz is headquartered in Mexico City and has additional outposts in Monterrey and Querétaro. It also has an office in Madrid to target work generated by the rise in investments between Spain and Mexico. Notably, the firm has an office in New York, headed by a resident partner to maintain relationships with international clientele and law firms as well as provide an important training ground for lawyers. It increased its US footprint in 2020, opening an office in Houston.