Brazil helped boost international law firms' M&A business in Latin America last year.
BY JOACHIM BAMRUD
Although Mexico accounted for Latin America’s top deal last year, it was Brazil that helped boost mergers and acquisitions business at international law firms.
The value of announced Brazilian M&A’s that UK-based Clifford Chance advised on accounted for 92 percent of its Latin America deals last year, according to a Latin Business Chronicle analysis of Thomson Reuters data. U.S.-based Skadden saw 79 percent of its announced Latin America M&A business come from Brazil, while US-based Latham & Watkins saw 85 percent come from Brazilian deals. Meanwhile, all of Spain-based Uria Menendez’ Latin America M&A business came from Brazil.
Clifford Chance, Skadden, Latham and Uria Menendez were the only international law firms among the top ten advisors on Brazilian M&A’s last year.
Clifford Chance, ranked by American Lawyer as the third-largest law firm in the world by 2009 revenues, jumped from 12th to seventh place among the top legal advisors on Brazilian M&A deals after advising on five deals worth $14.3 billion. That compares with nine deals worth $15.1 billion in Latin America overall, according to Thomson Reuters.
“Brazils fast growing economy has ...
Keywords: Clifford Chance, Latham & Watkins, Skadden
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