Indacochea & Asociados prides itself on providing tailored services to its clients and has become prominent in the Bolivian legal market in just over three decades. The Santa Cruz-based firm is relatively young by the standards of this jurisdiction. It has grown steadily, adding one to two lawyers a year over the past several years. It is now considered one of the country’s leading corporate law firms. Its quality across several practice areas is demonstrated by the number of big-name national and international companies that draw on the firm’s lawyers.
Indacochea & Asociados has always been good at tactical growth in light of Bolivia’s historic political and economic troubles – over past years, it has added to its tax and corporate offerings. Despite the challenges faced globally as a result of covid-19, the firm continued its steady growth plans – it reports that the client portfolio grew by 46% in the past year. The firm counts the Bolivian operations of Baker Hughes, Bayer, Petrobras and Pfizer among recent clients.
Indacochea & Asociados also has a good reputation in corporate and finance matters. The firm has a strong offering in oil and gas work, with experience in guiding clients through the nationalisation of the industry and has built arbitration capabilities as oil companies’ assets were expropriated.
According to a recent study, “Who Represents Latin America’s Biggest Companies”, published by the Latin American Corporate Counsel Association, which is affiliated to Latin Lawyer, Indacochea & Asociados represents 5% of the region’s largest businesses. The firm ranked as the third most popular Bolivian firm in the same study.
Internally, Indacochea & Asociados places a strong emphasis on mentoring and encourages lawyers to continue their postgraduate studies at leading institutions overseas. The firm is also notable for its commitment to workplace diversity and social responsibility. With a promotion at the end of 2021, the firm now has four women partners out of six, setting the firm apart from others in the jurisdiction.
Meanwhile, Mariana Pereira and Andere Indacochea have helped the Cyrus R. Vance Center for International Justice develop its programme for Bolivian women in the law profession, while Alonso Indacochea has been named vice president of Bolivia’s new pro bono foundation. Following regulations issued by law firm network Meritas, the firm has also made major investments in cybersecurity and state-of-the-art hardware and software technology over the past few years. It has also invested heavily in digitalising its internal and external processes, which now includes a unique CRM system.
Indacochea & Asociados currently operates solely out of Santa Cruz, Bolivia’s largest city.
Alliances & networks
Indacochea & Asociados is part of the international law firm network Meritas, which includes prominent Latin American members who work closely together on referrals and internal management issues. The firm is also a member of the Latin American Network, a group of 17 firms across the region working in energy, telecoms, infrastructure, and banking and finance law. Towards the end of 2021, the firm entered into a collaboration agreement with US professional services group Andersen Global.