Major Firms Opening in Brazil, ‘the New Middle East’

International Law

Major Firms Opening in Brazil, ‘the New Middle East’

Posted Jun 9, 2008, 01:45 pm CST
By Martha Neil

Two New York-based international law firms are the latest to announce that they are opening offices in Brazil, billed as "the new Middle East" by a legal publication.

A boom in mergers and acquisitions, capital markets and infrastructure projects is driving the deluge of new law office openings, most recently by Chadbourne & Parke and Simpson Thacher & Bartlett, reports the Lawyer. And "the signs are that there is a growing list of other firms looking for a hat peg to join those firms that have opened in recent years—a roster that includes Proskauer Rose, Mayer Brown and Shearman & Sterling."

Allen & Overy, based in London, also recently announced plans to establish an office in Brazil.

Related coverage:

Reuters: "Brazil's creaking justice system slow to reform"

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