2021 Latin Lawyer Elite firm
Nader, Hayaux y Goebel is a firm that clients want in their corner when deals enter unchartered territory. The firm is a prominent name for sophisticated corporate finance matters. It has earned a reputation for working on ground-breaking financial structures and for its exceptionally deep knowledge of this specialist field. Nader Hayaux’s counsel goes far beyond the day-to-day and the firm is commonly called upon by clients to find innovative solutions to their most complex legal needs.
The firm justifiably prides itself on the direct involvement of its partners in transactions, its collaborative approach in each practice area, its retention of associates and its client-centric, ego-free approach.
A name partner based in London has good links to the city’s insurance sector – another area of strength. Other departments include real estate and infrastructure, telecoms, M&A and private equity. The firm has corporate tax consulting capabilities.
Organic growth is hugely important to this firm. In 2020 it elevated a project finance lawyer to partner.
Nader Hayaux growth has been intentionally modest over the years. The firm prides itself on having standalone practice areas, and not having any practice areas that exist purely to support another. Rather than adding entirely new practices in 2020, Nader Hayaux has focused on deepening existing practices, particularly its relatively new tax and antitrust practice areas. In 2021, the firm boosted its tax offering by hiring a partner from local outfit SMPS Legal.
The firm reports a successful 2020 despite the fact the year was blighted by covid-19 and an economic recession. Its banking and finance and M&A practice groups performed particularly well. The firm’s M&A team has been busy working on new investment projects in the real estate and telecoms sectors, as well as guiding clients through the purchase of distressed assets. The downturn has created opportunities for the firm concerning restructuring work. Meanwhile, the banking & finance lawyers have worked on green financing projects and with fintech companies.
The firm’s client portfolio has a strong financial flavour, with Citibanamex one example of the prominent names turning here. BlackRock is a well-known private equity client. TV Azteca owner Grupo Salinas is a telecoms client that also relies on this firm for finance transactions. Insurance company MetLife, investment banking advisory firm Evercore, as well as Wells Fargo, Bank of America, BBVA Bancomer, Canadian pension fund CDPQ, retailer Walmart and finance company Navix also use the firm regularly. State-owned oil company Pemex is also a client, as is Mexican retail company Grupo Elektra.
Nader Hayaux has a COO who used to work as a treasurer at a publicly traded company. The firm’s leaders say the appointment has helped the firm’s billings and collections department become more efficient. The COO has also helped the firm respond to changes in the legal profession by taking the lead on technology and AI advances.
The firm is also taking the lead when it comes to environmental sustainability. In 2021 it launched its Sustainable Transition/ESG working group, which advises clients on the adoption and integration of environmental, social and corporate governance (ESG) criteria in their operations and investment decisions. The working group is led by a name partner, with five additional partners coordinating and leading the involvement of different practice areas.
Nader Hayaux is a well-run firm that pays close attention to associates’ career track. A mentorship programme means partners meet regularly with associates to discuss their professional and personal development, while the firm’s low partner-to-associate ratio encourages constant dialogue. Lawyers studying for LLMs also get interest-free loans and associates are encouraged to spend time at New York and Chicago law firms.
Nader Hayaux is headquartered in Mexico City. Interestingly, this is the only firm listed in the Mexican chapter with a London office, which allows for direct reach to the City’s law firms and financial institutions, as well as the capital’s insurance industry. From London, Nader Hayaux can also target infrastructure work from companies in the UK and Spain.