Brazil, energy and infrastructure are driving legal business in Latin America.
BY JOACHIM BAMRUD
Thanks to the economic recovery in Latin America, especially in Brazil, U.S. legal firms are generally optimistic about their business in the region this year. “We are very optimistic about the region and the level of business that we will see in 2010,” says Paul Schnell, chair of the Latin America Practice at New York-based Skadden, Arps, Slate, Meagher & Flom.
Laura McMahon, co-chair of Latin America Practice of Houston-based Fulbright & Jaworski, agrees. She is especially bullish on business in Brazil. “In connection with Rio 2016, a lot of firms will be in Brazil because of typical things like stadium construction, housing, hotel needs, infrastructure needs, highways, hospitals, roads,” she says. “We see that there will be foreign investments and [there] will be a lot of legal work.”
Although most law firms generally see this year as better than last year, when the global crisis impacted Latin America, the United States and other markets, some firms report the reverse. That’s the case with Astigarraga Davis, a Miami-based boutique firm specializing in litigation and arbitration.
“2009 proved to be an excellent year for our firm,” says Jose Astigarraga, founding shareholder of Astigarraga Davis. The company benefited from both a spike in disputes spurred by the crisis and significant work related to the fraud committed by Bernard Madoff and John Stanford.
“As we are coming off a year where ...
Keywords: Brazil, Colombia, Mexico, Peru, Venezuela
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