IFLR1000 Reviews


Solicitors governing body: Ley Reglamentaria del Artículo 5o. Constitucional, Relativo al Ejercicio de las Profesiones en el Distrito Federal

Competition authority: COFECE

Financial regulator: CNBV 

IFLR1000 ranking categories in this jurisdiction: 

Banking, Capital markets, M&A, Project development, Project finance

Jurisdiction overview

Mexico has the second largest economy in Latin America, second only to Brazil. Its legal system is based on civil law.

Lawyers qualify by being licensed as a ‘cedula profesional’ but do not have to be a member of any other professional body. Though the country is a federal system licensing is on a national level.

The country has few restrictions when it comes to foreign law firms practising though any firm whose ownership is more than 49% foreign requires a green light from the Foreign Investment National Commission.

Transactions frequently involve a US legal aspect and require US or global counsel to advise on the US side of the deal. 

While foreign lawyers cannot appear in court, they can participate in arbitration.

Some prominent global firms with offices in Mexico include Baker & McKenzie, Holland & Knight, and White & Case. Still, on the whole, larger firms are rare in Mexico, with most attorneys belonging to small to medium sized firms. Many Mexican attorneys are also licensed to practice in the US.

The opening of Mexico’s hydrocarbons industry to the private sector in 2014 has boosted business in Mexico. Some firms eying the energy and infrastructure potential are looking to make their mark in Mexico’s legal market. For example, global firm Mayer Brown opened a Mexico City office in August 2015.

Financial and corporate
Gonzalez Calvillo

Founded in 1987 and located in Mexico City, esteemed firm Gonzalez Calvillo is well-known for its high quality transactional work across the board and is experienced in most industries.


Focusses / specialisms

In the banking and finance practice area the team represents borrowers and lenders in credit facilities and loan agreements related to restructuring, project financing and cross border financing matters.

The capital markets team works on debt, equity and securitisation capital markets matters. It represents issuers in bond issuances, public offerings, capital increases and trust certificate issuances.

The M&A team represents buyers and sellers in private equity and strategic acquisitions.

The project development team is very active in the energy and oil and gas industries.


Key clients

Key clients for the firm include Crestview Partners, Sojitz, NR Finance, Hir Casa, TAG Norte Holding, IENova and Banco de Crédito e Inversiones.


Research period review: 30th edition (2019/2020)

During the research period the banking and finance team advised clients on loan agreements, including green loan agreements, on cross border and restructuring matters. 

In 2020 the firm advised on numerous bond issues, especially by issuers in the infrastructure and automotive industries. 

In the M&A practice area the team mostly advised strategic and private equity buyers in full business and asset acquisitions. 

The project development team advised clients in oil and gas projects, as well as some power projects.

In terms of recent lateral moves, partner Miguel Valle left the M&A team.


Deal highlights: 30th edition (2019/2020)

Crestview Partners acquisition of Concours Mold

Hir Casa MXN$1 billion BMV trust certificate issue

NR Finance MXN$2.5 billion bond issue

TAG Norte Holding $1.2 billion financial restructuring


Client feedback: 30th edition (2019/2020)


“Great availability.”

“The firm's partners and associates are experienced in their field, easy to work with and have a pro-deal attitude.”


Financial services regulatory

“Incredible service and attention to detail, and timely execution.” 

“The firm has always rendered excellent service to the company. The partners and associates have a great level of ability, and the legal opinions are accurate and provided promptly.”



“The lawyers at GC were exceptional at providing creative and practical solutions to novel issues that arose during our transaction. They were invested in our success, and we appreciated the hard work and dedication exhibited by their lawyers.”

“This is a top full-service firm in Mexico. Excellent in cross-border complex transactions, joint ventures and high-stakes M&A. They communicate at the level of any foreign top tier law firm and resolve issues to get deals done.” 

“The service is impeccable. Comparing this law firm to any other law firm, the response time is incomparable. They are available 24/7 and they have all the areas (but tax) you could need in a transaction. They really are experts and have a humanitarian feeling. I love it.”


Project development

“Fast, efficient, specific, and good results.”

“The firm does a good job of staffing matters reasonably based on the project's size and importance to the client. The firm also does an excellent job of training up younger associates and engaging them early and often on projects and not hiding them all behind a partner. This enables the client to feel more comfortable asking the younger associates for assistance on routine matters.” 

“They have a full understanding of Mexican regulation.”

“Very capable personnel with lots of experience.”


Project finance

“They lead the transactions and push to complete all the process in the time framework and with good results for the company.”


Antonio de Lisi

"Great availability and risk management and delivers work on time."

"He is very proactive and responsible. When he leads the transaction you can trust that everything will be completed above your expectations."


Daniel Guaida    

"He is a very knowledgeable person in terms of law and is an all-round great business mind. He led our company’s efforts during the previous two years in all legal related work including corporate maters, regulatory and compliance, and structured funding rounds. He and his team always deliver quality work in a timely manner."


Daniel Salomon

"Daniel Salomon is responsive, engaged and knowledgeable."


Diana Pineda

"Diana Pineda is a responsive, engaged, a strategy planner, and excellent at client relationship management."

"An excellent attitude, very transparent and available."

"Diana leads an excellent team of energy lawyers." 

"She is a real expert in her field."


Gonzalo Vargas

"Gonzalo is a strategic thinker who takes the time to learn our operations and culture and leverages this knowledge to enable us to deal with emerging issues facing our business."


Jose Ignacio Rivero Andere 

"He has excellent knowledge of the company, our industry sector and of capital markets and corporate governance. He is very responsive and gives excellent attention to us."

"Has an innovative, get-the-deal-done perspective. Clear communication, quick responses and adaptation. Takes the lead, a strong negotiator, very well regarded in legal and industrial sectors. Also has a solid knowledge of foreign legal frameworks for transnational deals."

"Available all the time, good at client management and really knows his business."


Oscar Moreno   

"Excellent knowledge of the market, committed service and feedback, and involved in client needs."