Brigard Urrutia


IFLR1000 Reviews

Financial and corporate

Founded in 1934, Brigard Urrutia has since expanded to become one of Colombia’s premier law firm. It is a member of numerous alliances including Lex Mundi and the Interlex Group. The full-service firm has four offices in Colombia: Bogotá, Cali, Medellín and Barranquilla.


Focusses / specialisms

The banking and finance team represents both borrowers and lenders in project financing, acquisition financing, credit issuances and other loan financings.

The capital markets team represents issuers and underwriters for sovereign bonds, bonds issuances, private placements, securitizations, derivatives and liability management transactions.

The M&A team represents strategic buyers and sellers in high value acquisitions.

The projects team is experienced with PPP projects in oil and gas, mining and infrastructure projects.


Key clients

Key clients for the firm include Softbank Group, Interconexión Eléctrica, BNP Paribas, Bancolombia, China Harbour Engineering Company, BMP Sur, BlackRock Infrastructure Management, Interamerican Development Bank and OPAIN.


Research period review: 31st edition (2020/2021)

The firm was active in banking and finance, capital markets, M&A and projects.

During the research period, the banking and finance team represented borrowers and lender in loans and credit financings and syndicated financings. The team was especially active in the aviation sector, as well as other project sector financings.

Capital markets work focused on cross border debt transactions, including sovereign debt, and dual-tranche offerings. The team also advised on the first Colombian IPO in nearly a decade as well as a complex dividend securitisation.

The M&A team advised on some of the largest and most innovative deals of the year for Colombia.

The projects team continued to work on jurisdiction leading concessions in terms of size and uniqueness. Sectors included transportation infrastructure, power, sanitation and renewable energy.

In terms of lateral moves, the firm hired banking and finance partner Felipe Alarcón and banking and finance partner María Fernanda Diago from Baker McKenzie in January 2021. Manuel Fernando Quinche left the firm for Cuatrecasas in November 2020.


Deal highlights: 31st edition (2020/2021)

AES Colombia $97 million financing

EPM and Consorcio Energia US$2.1 billion acquisition of Electricaribe

LATAM DIP $2.45 billion financing

Latam Logistic Properties IPO

Metro Línea 1 concession agreement contractual management

Republic of Colombia $1.29 billion treasury note issue


Client feedback: 31st edition (2020/2021)

Banking and finance

"Brigard Urrutia combined the understanding of our business with a broad experience in the Colombian market and regulation. Many of the questions we asked are based on aspects that are not clearly regulated, and they have supported us to navigate this scenario."



"Experience, quick resolve, creative thinking."

"Practical. Fast. Deal-oriented."

"Very well informed on the local context; superb work ethic; very high-quality work. "


Project development

"The firm's expertise and knowledge. Their willingness to meet all of our requirements and concerns. Their multidisciplinary team to tackle different subjects."

Project development : Transport

"Commitment, confidentiality, technical knowledge."


Carlos Umana

"Technical knowledge."


Felipe Calderon

"Expertise, kindness and knowledge."


Julian Parra

"Technical knowledge."


Mari­a Paula Cruz

"Technical knowledge."


Nicolas Alonso

"Nicolas dedicated time to understand our business, in all its different aspects. He is interested in the business reasons for decisions we take and often has an innovative approach about how we can comply with the regulations."


Rafael Bernal

"Technical knowledge."


Sergio Michelsen

"Excellent judgment and deep knowledge of local players and local context. "

"Outstanding human being."


Viviana Araujo

"Expertise, kindness and knowledge."