A large headcount and almost a century in the Panamanian legal market give Morgan & Morgan the manpower and experience required to steer through some of the country’s most significant transactions. The firm’s transactional offering is exceptionally strong, especially in corporate and banking matters.
2020 saw Morgan & Morgan work on several high-profile deals in the banking and finance area; perhaps most notably it helped Mexican fintech Alpha Credit get a US$125 million equity investment from SoftBank’s Latin America fund. The firm’s ability to work on major transactions, even during a year blighted by the covid-19 pandemic and an economic downturn (with Panama’s infrastructure and hospitality sectors particularly impacted), is evidence of the talent of the lawyers here.
The firm also shines in non-transactional areas and has a variety of highly specialised practice groups. Its maritime law practice is formidable, while its offshore estate and trust planning services, which it offers from a large network of offices around the world, is also noted.
Morgan & Morgan has robust internal compliance policies and also offers compliance counsel to clients (through a subsidiary).
Morgan & Morgan’s breadth of offering is impressive: it also has criminal law and immigration law practice groups. Its mining practice is worth mentioning, it capably serves Panama’s growing mining sector.
The firm recently opened a department to help high-net-worth clients deal with tax information disclosure requirements across the jurisdictions in which Morgan & Morgan operates. The firm reports that this area performed strongly in 2020. It also recently obtained a licence to create and manage SMART funds (investment vehicles with flexible reporting requirements) in the Bahamas. This means clients can access legal support and investment services under one roof.
Morgan & Morgan has also done well in the capital markets area, and it has experience advising both underwriters and issuers. Among other recent work highlights, the firm had roles on the high profile notes issuances by Bladex and toll road operator ENA.
Morgan & Morgan has two offices in Panama – in Panama City and David – as well as outposts in the Bahamas, Belize, the British Virgin Islands and Geneva.
Alliances & networks
The firm is a member of TerraLex, the American Law Firm Association and the World Services Group.