Firm Profile

Galicia Abogados

Mexico

Strong transactional and regulatory offering

LL 250 Elite

Established: 1994

Partners: 34

Lawyers: 131


Female partners: 13%

Partner to associate ratio: 3.1

Work areas
16

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

GxR Data Vis
Rankings
Listed work areas
LACCA Approved rankings
Large company clients
Strategy and management
Gender balance
P:A ratio
Partner promotions
International training
Pro bono
Track Record
M&A deals
Capital market deals

2021 Latin Lawyer Elite firm

In just over 25 years Galicia has established itself as a frontrunner in the Mexican market while prioritising the development of a truly collaborative culture.

This is one of Mexico’s leading transactional firms, with a large team of lawyers who are accustomed to working on multi-jurisdictional, multibillion-dollar deals. Partners report that even with the Mexican economy faltering, the firm has been busy working on transactions. Galicia is at a competitive advantage when it comes to complex transactional work and its lawyers regularly attract big-name clients, due in no small part to the bulk of them having honed their skills at leading New York firms.

Galicia has gone to great lengths to accompany its transactional prowess with solid regulatory and contentious practices. This has ensured practices such as energy, which has slowed down in terms of transactions in recent years, remains active in advising on regulatory and litigious matters. Consolidation of counter-cyclical practices was in evidence in 2020 and 2021, there were promotions in the two years to partner and counsel ranks in the infrastructure, international trade, tax litigation, life sciences and environmental practice groups. The bolstering of the environmental team was preceded by the launch of a multidisciplinary environmental, social and governance (ESG) practice, demonstrating that sustainability is at the top of the firm’s agenda when it comes to advising clients.

Galicia also shows strengths in other non-transactional services such as labour, antitrust and real estate. In addition, the firm has a multidisciplinary technology practice, which has been busy of late advising fintech companies and start-ups.

Galicia also reports a busy year in the labour practice group as covid-19 has created a large volume of regulatory work. The firm anticipates the United States-Mexico-Canada Agreement (USMCA), which recently entered into effect, will generate further opportunities for the labour team.

At this firm’s helm is the forward-thinking Manuel Galicia, who has made concerted efforts to make the firm he founded a cohesive institution and an attractive place for Mexico’s finest young lawyers to practice. He is Latin Lawyer’s Law Firm Leader of the Year in 2021.

A large part of this effort has centred on enhancing the firm’s internal structures. The firm’s corporate governance overhaul means its leadership rests with its managing partner, executive committee and a partners’ meeting, as well as drawing support from various committees on management and professional strategy. One of which is the firm’s diversity committee, it has recently been expanded and associates have become more involved. In 2020, the firm made a drive to coordinate existing efforts aimed at achieving sustainable governance into a holistic framework that includes; talent, community, integrity and environment.

The firm’s cohesiveness was perhaps best demonstrated during crisis conditions, its ability to pull together and support one another was certainly on display during the covid-19 health emergency. Galicia’s rigorous business continuity plan, comprising four phases, placed staff well-being at the forefront and helped to ensure the firm had a successful year.

Collaboration is at the centre of this firm’s structure and is underscored by an adjusted lockstep compensation formula. Associates have formalised career plans and there is a mentoring programme – now in its second edition – as well as a flexible working initiative. In addition, the firm encourages associates to gain experience abroad, with lawyers recently stationed in law firms in the US, France, Spain and Brazil. Genuine efforts have been made to make this a pleasant place to work, with the well-being of staff an absolute priority. It is also worth noting that six of Galicia’s practice areas are led by women.

Offices

Alongside its Mexico City HQ, the firm has a growing office in Monterrey.

Clients

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, Galicia represents seven of Latin America’s approximately 100 biggest companies. It is one of the top four most popular firms in Mexico among the region’s biggest corporates, like AT&T. While the international contingent of its client base is large, Galicia has not neglected its local following, which includes Grupo México and Grupo Bimbo. Citibank, Santander, BBVA and HSBC are banking sector clients. Private equity groups loom large and include foreign names BlackRock and Actis.

Management

Galicia unveiled a new corporate governance model in 2021. Founder Manuel Galicia has taken over as chairperson as part of the firm’s succession plan. Joining him in the executive committee are José Visoso and Christian Lippert as co-managing partners. Alejandro de la Borbolla, Mariana Herrero and Guillermo Pérez Santiago round up the committee.

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