2021 Latin Lawyer Elite Firm
Miranda & Amado is one of Peru’s top-tier full-service firms, with a strong reputation for providing high-quality advice to an impressive list of international and domestic companies across a range of different practice areas and industries.
Indeed, according to in-house counsel research conducted by Latin Lawyer’s affiliate, the Latin American Corporate Counsel Association, Miranda & Amado represents 13 of the 100 biggest companies in Latin America. This makes it one of the four most popular firms among these clients in Peru.
On the transactional front, Miranda & Amado is firmly in the elite. The firm’s visibility on multiple ground-breaking 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 has become one of the best in the country, something that was reaffirmed by its deal flow in the past few years. Insolvency is on the rise and that practice group had a new partner added in 2020.
Non-transactional work is also a strong suit for the firm, especially international arbitration. The litigation team has been a strong 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 growth in labour too, which was built around a young and home-grown team and an internally promoted partner following the departure of the former labour heads in 2019. The leadership acknowledges that the firm lost star practitioners, but emphasises the practice group’s development and added a second partner via promotion at the start of 2021.
Other practices have seen new partners too. A natural resources lawyer was promoted too in early 2021, while three promotions were made at the start of 2020, adding to the firm’s finance, restructuring and regulatory offerings. This demonstrates the firm’s focus on organic growth. However, it is not alien to lateral hires. Meanwhile, Miranda & Amado launched a white-collar crime and compliance practice in January of 2021, hiring two from a local boutique as counsel and practice heads.
Wary of the succession issues faced by others in Peru, the firm makes a point of bringing younger partners into decision-making processes early on. Two managing partners – Luis Miranda and Alberto Delgado – steer the firm alongside a strategic committee. Former managing partner Juan Luis Avendaño chairs the Affinitas law firm alliance Miranda & Amado champions. In a move to create more room for expansion, management is making its non-equity partner positions more attractive to its lawyers, allowing lawyers to slowly grow into the equity role, while also 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. Miranda & Amado also inspires innovation through its Affinitas network: in 2020, it launched 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. Internal digitalisation of documents and processes is a key focus too, while the firm also claims to have been the first big local firm to have appointed a director of digital innovation.
Despite its high market standing, Miranda & Amado takes a more relaxed approach to its day-to-day operations than some of its competitors. There are no set office working hours and lawyers may come and go as they please. At the same time, lawyers are expected to be highly responsive and on-call 24/7. The firm is reconsidering its office space. It has already ceased a few leases to reduce costs for space not in use, while it has taken internal surveys to understand lawyers’ preferences regarding remote working – something it closely keeps monitoring to put the right policies in place.
The firm 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. It has even taken the unusual step of measuring the salary gap between men and women at the firm to eliminate it soon. Gay and lesbian lawyers are also welcome, with the firm providing same-sex couples with the same health, travel and medical insurance their heterosexual colleagues enjoy under Peruvian law. Flexitime and parental leave are on offer too. While only five of the firm’s partners are women, policies such as these put Miranda & Amado at the forefront of law firm-led inclusion efforts. They are also consistent with its partners’ belief that a firm that opens its doors to everyone will attract Peru’s best and brightest. It also encourages lawyers to undertake LLMs and work abroad to gain valuable experience that will help them become better attorneys.
Luis Miranda and Alberto Delgado are the firm’s co-managing partners. They sit on a management committee together with Juan Luis Avendaño, Nathalie Paredes and Bruno Amiel.
Alliances and 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. Miranda & Amado is also the Peruvian representative of leading global tax network Taxand.