Despite the global economic meltdown’s effects in Mexico, New York’s White & Case is growing strongly in the country and expects to continue doing well.
The firm boosted its Latin America business by at least 20% last year and expects continued growth this year.
”We were very satisfied,” said Victor Alvarez, head of the Latin America practice at White & Case. “Generally speaking we probably increased overall revenue in Latin America by 20% – and that’s probably a conservative estimate.”
In Brazil, the top market in Latin America, the firm had a strong performance in capital markets and mergers & acquisitions.
White & Case jumped eight spots on the latest ranking of Latin America’s Top 25 Legal M&A Advisors from Latin Business Chronicle and Thomson Reuters. Its fifth place was due to advising in 14 deals with a rank value of $17.8 billion, a dramatic increase from the $5.1 billion rank value in 2007. The firm’s top M&A deals include being an adviser for Telemar’s $3.0 billion acquisition of Brasil Telecom, the ninth-largest M&A deal last year.