Chardbourne and Parke, an American based International law firm Thursday announced it plans to further foment its presence in Latin America through opening a new office. In the quest to increase its availability, the firm will commence new operations in Sao Paolo by hiring two additional finance attorneys.
Based in New York, the International Law firm has had a long stint in Latin America and its portfolio includes a full range of legal services inclusive of mergers and acquisitions, project finance, private equity, corporate finance, venture capital and emerging companies, commercial and products liability litigation amongst a host of other services. According to the announcement, the new Sao Paolo office operations will commence as soon the investment gets approval from the Brazilian Bar. The details of the amount paid for the property were not however disclosed.
The investment is expected to get stamping over the coming few weeks, with the two new experts expected to bring in extensive expertise on structural finance, cross border finance, trade and securitization transaction operations in the country. Chadbourne partners said the success and development of the firm’s Latin American business, together with Brazil’s burgeoning importance in the global economy, had motivated their move, terming it “decisive,” and adding that it is aimed at enabling the firm gain further capabilities in the country.
They further reiterated their expectation that the country’s focus and strong international finance experience will help strengthen the firm’s capabilities given the fact that it has been active in the Brazilian market for 15 years. However, the firm vowed to push on with steps to reinvigorate its place as a predominant legal firm in the Brazilian market.
The new Sao Paolo office makes the American firm the second New York based firm to have operations in Brazil and Mexico, Latin America’s two biggest economies. The firm’s expertise in international finance and project finance together with its long presence in the region is expected to offer it a platform to serve its customers and expand considerably. The firm’s new office in Brazil will be multi-disciplinary, but will bias on cross border mergers and acquisitions, international bank finance, project finance, capital markets, private equity and international arbitration.
The company has twelve partners in Brazil and is one of the few American law firms ranked by Chambers Latin America for its services across multiple disciplines. The firm has other global operations in Mexico City, London, Moscow, Poland, Dubai and Beijing
8 July 2010.