Mexico and infrastructure work in countries like Brazil, Colombia and Costa Rica are driving Jones Day's growth in Latin America.
BY JOACHIM BAMRUD
The Mexican economy may be slowing down, but not everyone is feeling the impact. US-based law firm Jones Day, which recently opened its first Latin America office in Mexico, is seeing a boom in business.
“We are extremely happy with the amount of work that our various offices in United States, Europe and Asia have been able to generate in just a couple of weeks in connection with Mexico,” says Luis Riesgo, the Madrid-based head of Jones Day’s Latin America practice. “Clearly Mexico was a strong market for us [before] and since opening the office it has been amazing the amount of work that our new office is already receiving.”
In January 2009, Jones Day opened a new office in Mexico City through a combination with local law firm De Ovando y Martínez del Campo, a partner of the U.S. firm for over two decades. The new office concentrates on cross-border mergers and acquisitions, banking and finance and infrastructure transactions, as well as real estate and capital markets. “Opening an office in an economic downturn is probably considering to be bucking the trend as many firms are cutting costs and offices as well as lawyer,” Riesgo acknowledges. “This is a long term venture for Jones Day.”
Even before the new office, 80 percent of Jones Day’s clients ...
Keywords: Argentina, Brazil, Chile, Colombia, Costa Rica, Panama