On January 16th, international law firm CMS announced its expansion in Chile, Peru and Colombia by partnering up with local firms Carey & Allende, GRAU Abogados and Rodríguez Azuero Contexto Legal Abogados respectively.
With these moves, CMS, already the largest law firm in Europe, will be able to connect clients in Latin America with leading lawyers worldwide, boosting its participation in cross-border transactions and in regional solutions to its clients.
Besides expanding even further into Latin America, where it already had offices in Brazil and Mexico, the firm recently started operating in Hong Kong and Tehran, completing its already well-established global presence. CMS now has 65 offices in 38 countries (in Africa, China, Asia and the Middle East) with more than 880 partners.
Cornelius Brandi, executive chairman of CMS, stated that geographic expansion is a part of their clients’ growth strategy, so the firm moves primarily into regions where they expect that there will be future opportunities. Latin America would be one of them, since it presents great potential and steady growth.
Ramón Valdivieso, managing partner at CMS Carey & Allende, added that his firm’s motivation for partnering up came from globalisation, which has also “manifested itself in the legal market.” Being part of a global firm would then provide them with the best practices for the benefit of existing clients, as well as a competitive advantage in Chile, he added.
Juan Carlos Escudero, managing partner at CMS Grau, added that the decision will see them become part of a top tier global firm with a presence in “previously unexplored regions, such as Europe and Asia.”
Finally, partners at CMS Rodríguez Azuero Contexto Legal Abogados, Sergio Rodríguez Azuero and Guillermo Villegas, both agreed that “Latin American clients are expanding their businesses into different jurisdictions all over the world and vice versa. Joining CMS and becoming part of this impressive global firm allows us to better serve our clients’ global needs.”
CMS executive partner for global development, Duncan Weston, concluded that the firm’s aim is to integrate leaders that share their strategic vision based on an in-depth knowledge of clients’ businesses and an understanding of their specific needs. “With the now combined expertise, CMS will offer clients high-quality service, across all sectors and around the world.”