Firm Profile

Icaza, González-Ruiz & Alemán


Offshore strength within broad service offering

LL 250 Highly Recommended

Established: 1920

Partners: 16

Lawyers: 33

Work areas

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

Icaza, González-Ruiz & Alemán stands out for its longevity in the Panamanian legal market, with more than a century of experience under its belt.

Over its 100-year-long history, this firm has developed a close connection to public service in Panama, with its partners having been involved in developing the country’s legal framework – several of the partners have previously served as top judges, politicians and diplomats. As such, public service is embedded into the firm’s work, and it frequently represents both the government and state-owned enterprises across contract negotiations as well as capital markets transactions.

With expertise in cross-border deals involving multiple Latin American countries, Icaza, González-Ruiz & Alemán has garnered a reputation as the firm of choice for many multinationals setting up shop in Panama. Corporate and M&A, capital markets, banking and finance, as well as litigation, labour and IP practice areas, are all on display here, providing a sound full-service offering to clients. The firm is also able to offer trust services through a subsidiary company.

Clients are quick to offer their praise to the lawyers here, with one commenting that the team is “always available to meet our requirements.” The same client says this firm delivers “transparent and innovative opinions.”


Icaza, González-Ruiz & Alemán is based in Panama City and has offshore outposts in Cyprus, Hong Kong, Singapore, Switzerland and Uruguay.

Alliances & networks

The firm is a member of international legal networks Multilaw and EURO LATAM LEX. The latter helps connect law firms from Latin America and Eastern and Central Europe.

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