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Peru’s Legal Boom

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Peru's legal sector is booming thanks to a strong economy, investment grade and a trade agreement with the United States.

BY DANA FORD 

LIMA – Perus fast-growing economy is boosting demand in nearly all sectors, including the legal sector, which is surging despite substantial challenges.

This year, the economy is expected to grow some 9 percent, while foreign direct investment is forecast to jump more than 50 percent, versus 2007, to total more than $8 billion.

A rising tide lifts all boats.

"Now that the country is developing, it needs more lawyers, particularly specialized ones," says Raul Barrios, a partner at Barrios, Fuentes and Gallo in Lima.

FOREIGN FIRMS

His firm, with some 30 lawyers, is larger than most in Peru and caters to foreign companies, which are increasingly investing in the country thanks to two still new developments. First, the country signed a free trade deal with  ...



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