Firm Profile

Consortium Legal (Nicaragua)

Nicaragua

Local frontrunner with regional clout

LL 250 Elite

Established: 1969

Partners: 8

Lawyers: 23


Female partners: 23%

Partner to associate ratio: 2.7

Work areas
7

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

Consortium Legal’s reputation as a market-leading Central American firm is firmly entrenched here. This office is home to one of the country’s top banking and finance departments that can remain busy even in challenging times, continuously scoring a position on loan and capital market deals, as well as a first-rate corporate and M&A department. In a recent example of its top-flight capabilities, the firm advised the Central America Bottling Corporation on its US$1.1 billion sustainability-linked issuance and concurrent tender offer.

The strength in non-transactional areas at Consortium Legal (Nicaragua) is also impressive, with lawyers here capably providing advice on tax matters, which has seen an uptake in light of new tax laws in recent years. So much so that the firm launched a special tax force to inform clients of new obligations and transfer pricing requirements.

The firm boasts an impressive catalogue of some of the country’s finest lawyers, with no other law firm in Nicaragua having as many lawyers in LACCA Approved, in-house counsel research conducted by the Latin American Corporate Counsel Association (LACCA), which is affiliated to Latin Lawyer.

While Consortium Legal remains one of the strongest firms in Nicaragua, the firm has undeniably felt the consequences of the country’s political and financial crisis, although the partnership reports that revenues have remained stable. Though expansion plans are limited, the firm’s Managua office focuses on its current strengths and has pushed to further consolidate and integrate its existing teams across Central America. To that end, a regional managing director works to improve corporate governance and coordination of deals across the board, as well as to deepen the commercial and cultural links between its various offices.

Consortium Legal commitment to client satisfaction across the region is also evident, it launched a new client-centric-services strategy in the last year, and is developing a programme across the region intended to further develop lawyers’ soft skills, including further understanding of the client business as well as cultivating interpersonal relationships.

The firm’s approach has clearly paid off, with Consortium Legal sitting among the most popular firms among the region‘s largest companies. According to research into Who Represents Latin America’s Biggest Companies, conducted by LACCA, Consortium represents 14 of 100 of the biggest companies in Latin America, positioning the firm among the top three most popular firms in Central America among these clients.

While based in Costa Rica, the managing director works closely with the firm’s Managua branch, where part of Consortium’s administrative operations is based. The firm’s regional heavyweight commitment to improving its management, along with its broad practice area coverage and recognition among in-house lawyers, combine to make this a 2023 Latin Lawyer Elite firm in Central America.

Management

Regional managing director Valeria Di Palma Carter coordinates the offices and works on office integration between the five jurisdictions. She reports to the board and the executive committee, which is represented by partners from each of the countries where the firm has offices. Martha Lorena Icaza and José Evenor Taboada lead the local management in Nicaragua.

Offices

Consortium is a regional firm that has multiple offices spread across Costa Rica, El Salvador, Guatemala, Honduras and Nicaragua. In Nicaragua, the firm has one office in the capital, Managua.

Alliances & networks

Consortium Legal is a member of the World Services Group and the World Compliance Association.

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