Regulation & Law

Spanish Law Firm Cuatrecasas Opens New Branch in Mexico

After its successful collaboration with Mexican former state company Pemex, Spanish law firm Cuatrecasas has opened a branch office in Ciudad de Mexico. Two international partners lead the Mexican branch: Javier Villasante, expert in mergers and acquisitions, and Fernando Bernad, an expert in Finance.
Ciudad de Mexico

After its successful collaboration with Mexican former state company Pemex, Spanish law firm Cuatrecasas has opened a branch office in Ciudad de Mexico. Two international partners lead the Mexican branch: Javier Villasante, expert in mergers and acquisitions, and Fernando Bernad, an expert in Finance.


The decision to set up a new office came after the firm advised Pemex on investment and disposal processes subsequent to the country’s market liberalization. Their plan is to hire new lawyers as well as to bring in their own for a joint collaboration to deal with domestic and international law.

 

According to firm representatives, the Mexican market is currently very choppy, which explains why Cuatrecasas only settled in the country after partnering with a large local company. The firm’s President, Rafael Fontana, has declared that their internalization strategy consists precisely of going “hand-in-hand” with local firms in each national jurisdiction in order to avoid conflicts.

 

Cuatrecasas is already present in several cities worldwide, including London, Shangai and Sao Paulo, and is known for making 20% of its revenue outside the Iberian market (Spain and Portugal). Looking ahead for the next short-term goals, the firm is already talking with local entities in other countries, like Colombia, Peru and Chile.

 

L.A.C.R.

Read the full Special Report: SPAIN : Global Independent Law-firms Gaining Momentum

The Spanish legal market is currently experiencing a period of strong economic growth that began a few years ago. The robust economic environment has helped boost this process. In 2017 Spain had one of Europe’s fastest-growing economies. Home to one of the oldest legal markets in Europe, the country is a decentralized state, a fact that shapes the local legal market, which is dominated by five major firms with strong Spanish roots and significant international presence. Despite the dominant position of domestic practices, foreign law firms are quite active in the Spanish market. New legaltech business models have the potential to revolutionize the Iberian legal market. They pose significant challenges, yet provide a wealth of opportunities for both established and new firms.
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