This firm has built a reputation for punching above its weight. While rivals have spent most of the past few years waiting for market conditions to improve before investing, Lobo de Rizzo has been vigorously pursuing a five-year strategic plan designed to consolidate this firm as a full-service, one-stop-shop for clients in need of high-quality advice and gaining the critical mass it needs to keep a place in the big league. In recent years, Lobo de Rizzo boosted its IP, environment, capital markets, infrastructure, banking, corporate and labour teams with lateral hires.
Lobo de Rizzo kept its dynamic growth strategy of cherry-picking talent from rivals as needed: it boosted its real estate group by recruiting a partner from Stocche Forbes Advogados at the tail end of 2020 and started 2021 adding firepower to the capital markets from Pinheiro Guimarães. Notably, those hires are women, increasing the diversity at the senior rank.
Such a rapid increase in headcount begs the logical question of how the firm can absorb the newcomers without harming its culture. Lobo de Rizzo’s leaders say assimilation is not hard when a firm has a transparent institutional framework. Indeed, the firm’s lockstep compensation system is a powerful tool for attracting senior talent to its benches. Substantial time has been dedicated to crafting modern internal governance systems that align the objectives of lawyers across the firm and encourage a more collaborative working style. These changes included the introduction of a pure lock-step remuneration model, a broader evaluation system for partners and policies aimed at encouraging higher levels of associate satisfaction and a better work-life balance.
Rodrigo Teixeira, the firm’s fourth managing partner, is tasked with safekeeping the personalised quality of the firm’s services, which is one reason it is turning down high-volume, commoditised work to immerse itself in clients’ most strategic deals.
A long list of clients came forward in our research to praise the firm’s “business-oriented, tailor-made work, deep understanding of the Brazilian business environment, top-notch advice, and mindfulness of client needs. Their support goes well beyond just legal.”
The firm is based in São Paulo and has an office in Rio de Janeiro.