I find the IFLR1000 an up-to-date and credible source for selecting and sourcing new legal firms in a new business area or country, and to compare legal firms capabilities in different practices.
I find the tiered rankings particularly useful when benchmarking and comparing between existing legal firms, plus looking at unfamiliar legal practices or locations.
Mohammad AlGhamdiManagerCorporate financingSABIC
Please enter a maximum of 5 recipients. Use ; to separate more than one email address.
Ferrere is an international firm. It has its headquarters in Uruguay and, in addition, two offices in Bolivia-in Santa Cruz and La Paz-and offices in Paraguay. Many of the clients they advise in Bolivia come either from another Ferrere office or are attracted by their international presence. "I worked with them originally in Uruguay and they were good, so when I was looking for assistance in Bolivia I gave them a call there," says one client based at a US law firm. Another US client adds, "They can explain the complexity, give time frames, costs and put you in contact with local trustees."
In September 2012, Lindsay Sykes joined the firm as a partner from Cleary Gottlieb Steen & Hamilton in the US. Sykes will focus on financial transactions as well as spearheading the firm's regulatory practice.
Ferrere represents international financial institutions in a range of corporate and financial matters. Since opening in Bolivia in 2006, the firm has worked to raise both its numbers and its profile by handling novel transactions. In a transaction that closed in July 2012, Cristian Bustos and Carlos Pinto-Meyer advised longstanding client Deutsche Bank in an agreement with the Bolivian Central Bank to govern future derivatives transactions with Bolivia's international reserves. In November 2012, the firm advised Wells Fargo on financing agreements for Cisco systems and its subsidiaries. The deal, for an undisclosed amount, reached across the US, Bolivia, Peru and Ecuador requiring the preparation of a legal opinion and the negotiation of the finance agreement.
FERRERE is a full-service law firm with offices in Uruguay, Paraguay and Bolivia. In Bolivia, FERRERE has offices in both La Paz and Santa Cruz and specializes in advising multinational clients on local and regional operations, including establishing and managing a local presence, M&A and financing transactions.
Edificio Handal. Of. 1010, Socabaya 240, La Paz
Tel: +591 2 2146017
Fax: +591 2 2146017
Cristian Bustos, Partner
Ferrere's Paraguay office celebrated a decade in the market in 2003. The firm has continued to gain traction and increased respect among peers. "They've become quite a player and it has continued to grow each year," a competitor says. Ferrere's corporate department is led by Néstor Loizaga, a former advisor to the Ministry of Foreign Affairs, the Ministry of Industry and Commerce and the Paraguayan Chamber of small and medium-sized companies. Competitors have expressed admiration of Loizaga's stake in the market. "He's definitely a very good lawyer and a pleasure to work with it," one says. Clients agree and one calls Loizaga "skillful, innovative and business oriented". The corporate department was bolstered with the addition of two senior associates and three junior associates with specialisation in a variety of practice areas.
In January, Loizaga and his team advised Sika on all stages of the $6.7 million acquisition of Inatec, the market leader in Paraguay in the area of construction chemicals. Ferrere was retained to advise Corporación Andina de Fomento in a $65 million project finance transaction, structured as an A-B loan with a pool of creditors. Loizaga and his team were in charge of due diligence, assisting in determining the conditions prior to first disbursement. The transaction closed in October. The firm is representing the Inter-American Investment Corporation in a lending project with Industria Paraguaya de Alcoholes for up to $4 million to invest in a sugar plant. The loan is secured by a mortgage over 15 properties under the ownership of Agrícola Entre Rios. In April 2013, the firm advised the Inter-American Investment Corporation on a $570,000 loan to Vicoza to fund the company's facility remodelling and short-term debt restructuring.
Clients praise the firm for its tactical approach. "As usual, some of the legal issues and solutions are not always 100% useful from a commercial point of view," one says. "The team works hard to understand the business as part of its analysis. In distribution matters, the team is able to grasp the concerns of foreign companies that appoint local companies. In corporate and commercial matters, the team understands key issues such as compliance matters, FCPA/UK Bribery Act, and is able to spot issues recommending further analysis."
FERRERE is a full-service law firm with offices in Uruguay, Paraguay and Bolivia. FERRERE's Paraguay office specializes in advising multinational clients on local and regional operations, including establishing and managing a local presence, M&A and financing transactions.
Acá Carayá N° 271
Tel: +595 21 227 066
Fax: +595 21 227 086
Néstor Loizaga, Partner
Ferrere is a consistent player in the market's biggest and most complex transactions. "They are a strong and fierce competitor," a peer says of the firm. "They're doing very well and it is quite a good experience working with them."
Earlier this year, the firm announced that its corporate operation will now be headquartered in Montevideo at the Ferrere Building. The 75,000 ft. space will accommodate 450 of the over 500 Ferrere Uruguay members. The firm was located in World Trade Center Tower B for 10 years since 2003.
Diego Rodríguez is at the helm of the firm's banking and finance and Martín Cerruti steers the corporate and M&A group. Much mention has been made of Rodriguez and his innovative abilities. "He's definitely a good lawyer," a competitor notes. "He knows what he's doing and does it extremely well. He's definitely one of the best in the market." Competitors have also pointed out that Cerruti is a very "capable attorney who plays very well by the rules and gets the work done". "They're strong in every department," another says.
In December, Rodríguez and his team advised The Ministry of Transportation and the bus companies in the suburban area of Montevideo to structure a new financing scheme and create a trust to raise money to benefit the suburban transport system. He also counselled Abengoa in a €1 billion credit facility granted to it by several banks. For several years, Rodríguez assisted Chilean asset manager Independencia in structuring the first real estate investment trust to be offered in Uruguay. The transaction concluded in May with a total value of $60 million.
In recent months, the firm's M&A group has been just as active as its banking and finance teams. Cerruti lead the team that advised Companhia de Concessões Rodoviárias on a complex cross-border deal involving the acquisition of airports in São Paulo, San José, Quito and Curaçao. The firm carried out the legal due diligence of two Uruguayan corporations on which the holding of the Ecuadorian company operating the Quito International Airport was structured. He also advised the Uruguayan affiliate of ExxonMobil in Uruguay on the transfer of the downstream business of ExxonMobil to BRIDAS CORP.
FERRERE is a full-service law firm with highly specialized departments covering all the key practice areas. It is the largest firm in Uruguay and has a strong local presence in both Paraguay and Bolivia.
FERRERE invests in its people and prides itself on nurturing highly qualified, business-oriented lawyers with an international outlook. Most of the firm's lawyers are fluent in at least two languages and many have studied abroad.
FERRERE's strength in depth and unmatched resources enable it to handle the biggest, most complex cross-border deals, as well as multi-jurisdictional transactions and disputes. The firm's client base comprises mainly multinationals, including five of the top 25 Fortune 500 companies, leading financial institutions, and some of Latin America's largest companies. Many large global law firms also work with FERRERE, taking advantage of the firm's presence across Uruguay, Paraguay and Bolivia.
Juncal 1392 – Montevideo 11000
Tel: 598 2900 1000
Fax: 598 2900 5000
Andrés Cerisola, Managing Partner
© Euromoney Institutional Investor PLC