Miranda & Amado is one of Peru’s elite full-service firms, prominent for providing high-quality advice to a remarkable list of international and local companies across a range of different practice areas and industries.
Indeed, according to in-house counsel research conducted by the Latin American Corporate Counsel Association (LACCA), which is affiliated to Latin Lawyer, Miranda & Amado represents 26 of the 100 biggest companies in Latin America. This makes it the most popular firm among these clients in Peru. Meanwhile, according to another study by LACCA, Miranda & Amado represents 12 of Latin America’s 50 largest banks. This puts it in the top four in popularity among these clients in Peru.
With those figures, it is no surprise that Miranda & Amado is firmly among this market’s elite firms when it comes to transactional work. The firm’s visibility on multiple local and cross-border deals year after year is evidence that many clients keep it as the first point of contact for complex, innovative or unusual work. M&A and financing have long been a speciality, while its capital markets practice is among the country’s busiest. Restructuring mandates are also on the rise.
The firm has a strong hand also in non-transactional work, where its excellent international arbitration offering stands out. Its broader dispute resolution department has been a formidable force for several consecutive years and is particularly active in times when there are fewer investments in Peru, while energy, mining, tax and real estate are other well-regarded practices. The firm reports good performance in labour too, a practice group that was restructured a few years ago and is now built around a talented group of lawyers, including two internally promoted partners.
Miranda & Amado followed up two partner promotions in 2021, in labour and natural resources, with five new additions to its top rank and two counsel appointments in 2022. The promotions strengthened the firm’s M&A, banking, antitrust and litigation practice groups, as well as its white-collar crime and compliance team. The two new partners in the latter department joined in January 2021 as counsel and head of the new practice group. It was part of the plan from the start to ease them both in as counsel before making them partners a year later, a strategy that demonstrates the firm’s careful planning and strong internal firm culture. Elsewhere, the firm has formalised a private wealth department led by one tax and one real estate partner, while it has also launched a fintech group.
Wary of the succession issues faced by others in Peru, the firm breathes young air and makes a point of bringing younger partners into decision-making processes early on. Two managing partners, steer the firm alongside a strategic committee. In recent years, the management has worked to make its non-equity partner positions more attractive to its lawyers, allowing lawyers to slowly grow into the equity role while acknowledging that all lawyers may not want to move straight onto the equity partnership.
Innovation is a strong trait of Miranda & Amado. For example, the firm has a land management practice, handling deals in the Amazon in the Quechua language. It also has a legal innovation director who focuses on digital transformation efforts internally at the firm and in the legal departments of clients. A recent internal project includes an app through which clients can track labour compliance rules.
Miranda & Amado also inspires innovation through its Affinitas network. For a couple of years, it has run a regional hackathon for legal counsel across Affinitas’ four countries (Chile, Colombia, Mexico and Peru), which serves to connect technology developers and lawyers to develop solutions for the legal industry. The project followed on from a successful version held in Peru, after which Miranda & Amado hired participants to the firm.
The firm reports a good financial year in 2021, better than expected. As a result, Miranda & Amado amended its bonus compensation for associates. The usual bonus for billable hours was provided, but lawyers also received bonuses for teamwork, which were based on work quality and client satisfaction.
The firm prides itself on having young partners, a more relaxed corporate environment than some competitors and an open-door policy. It also strives to keep its workforce diverse, insisting that it makes business sense to have lawyers from diverse backgrounds to be successful across practice areas where negotiations with different local communities are commonplace. This approach is backed up by a tough stance against discrimination and sexual harassment, making the workplace comfortable for everyone. Miranda & Amado forms part of Pride Connection, a business network that works to advocate inclusive workspaces and normalise sexual diversity. Moreover, the firm provides same-sex couples with the same health, travel and medical insurance their straight colleagues enjoy under Peruvian law. Flexitime and parental leave are on offer too.
As of 2022 Luis Miranda and Mauricio Raffo are the firm’s co-managing partners.
Alliances & networks
The firm is a member of the increasingly close-knit Affinitas alliance, a prestigious network of Pacific Alliance law firms that also includes Colombia’s Gómez-Pinzón, Mexico’s Mijares, Angoitia, Cortés y Fuentes SC and Barros & Errázuriz in Chile.