Firm Profile

Ferrere (Paraguay)

Paraguay

Ambitious firm with regional reach

LL 250 Highly Recommended

Established: 2003

Partners: 6

Lawyers: 47

Work areas

This firm is highly recommended for services in the following work areas.

After nearly two decades in the Paraguayan market, Ferrere has definitively found its place and gained respect among peers by carefully investing in local talent and applying a modern, professional approach. It has grown and become a fine local player. Still, the goal remains the same as before – to become the best and largest firm in Paraguay.

This business-oriented firm has sound knowledge of the Paraguayan marketplace, led by well-regarded Néstor Loizaga, who works tirelessly to promote the firm’s name overseas. He is surrounded by a well-qualified team that includes lawyers with experience at international firms, as well as a partner who worked at the Paraguayan Central Bank. The firm, whose lawyers have a combined average age of just over 30, takes pride in the team’s international experience and has made efforts to continue the trend among younger generations. Ferrere has a financial aid programme in place for junior lawyers interested in pursuing qualifications abroad. It stands out in this market for running an internship programme for students from the country’s two main universities.

The team in Asunción has grown steadily since the office opened in 2003, with a significant increase in headcount in 2018 when it hired 13 lawyers. Ferrere regularly carries out promotions across the region and ensures associates know what is required to progress. 

The firm’s busiest teams are corporate and banking. The latter works on a steady stream of development bank financings and capital markets issuances and has recently grown its focus on fintech and digital payments advice. Much of the corporate practice’s time is spent advising foreign investors keen to tap into Paraguay’s generally optimistic economic growth prospects, allowing the firm to maintain a high-value, high-profile deal flow. A newer area of focus is public infrastructure, which Paraguay’s government is keen to funnel investment into using an ambitious public-private partnership programme. The firm is also growing its compliance capabilities and offers solid labour and tax advice, for both of which it has large teams.

The local partnership reports a good year, with a healthy amount of work and several new clients, including in the retail, food and drink and transport sectors. The intention is to keep growing the firm, preparing lawyers for the partnership, increase practice area specialisation and set up internal committees and boost business development. Several large companies in Latin America turn to the firm for advice. According to a study, ‘Who Represents Latin America's Biggest Companies’, published by the Latin American Corporate Counsel Association, which is affiliated to Latin Lawyer, Ferrere's Paraguay office represents 11 of the region's 100 largest businesses.

Client satisfaction is a crucial measure of success and Ferrere is not short of applause. One from the food sector underscores the firm's well-balanced management structure and fast and clear responses. The representative of another company from the oil sector says the firm is committed and results-driven.  

While the firm is going strong in Paraguay, it has not been plain sailing in the rest of the region for Ferrere. In 2020, the teams in Bolivia and Ecuador left the regional firm to launch separate outfits. 

Offices

Ferrere (Paraguay) is based in the country's capital Asunción.

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