Out of Iberian firm Garrigues’ four offices in Latin America, it is probably the Peruvian one that has got off to the strongest performance so far. Thanks to high-profile hires and its visibility on some of the country’s largest finance deals, in both banking and capital markets, where it has one of the best practices nationwide, it has established itself as a serious player in the local market, despite being much smaller than its competitors.
The office is led by high-profile corporate finance partner Oscar Arrús who joined along with an entire financing team from Rubio Leguía Normand. Subsequent hires have also caused a stir, such as the addition of well-respected administrative and tax lawyers from Philippi, Prietocarrizosa, Ferrero DU & Uría and Rodrigo, Elías & Medrano Abogados, and disputes lawyers from Benites, Vargas & Ugaz Abogados. The former managing partner Álvaro Valle de Alvear, who was parachuted in to get the office off the ground in 2014, has now returned to Madrid.
Garrigues has made efforts to cover other practice areas too. The previously-added administrative, litigation and tax groups, were complemented in 2020 with the launch of a competition and IP practice, following the hire of the local competition authority’s former president – Ivo Gagliuffi – as a partner. Peru’s new merger control regime came into force in early 2021 and is expected to bring new sources of work. Some changes occurred the previous year too: the firm’s tax head left to launch a boutique, while a project finance lawyer was made partner.
Another strong year in Peru, with high visibility on financing deals – coupled with significant investment in Colombia, Mexico and Chile – allows for Spain’s largest firm to send a clear message about its intentions in the region. Garrigues is fast becoming a feature at the top end of the market in Latin America.
Offices in Bogotá, Mexico City, Lima and Santiago and a foreign law office in Brazil make up Garrigues’ Latin American footprint.
Alliances & networks
Garrigues has strong relationships with lawyers across the region, notably with alumni of the firm – there are thought to be around 50 in the region today – and former students of its Centro de Estudios Garrigues, which is a private entity focused on legal training and linked to the firm.