Hogan Lovells has become the latest international law firm to announce its intention to open an office in Brazil.
The firm is due to open an office in Rio de Janeiro later this year, pending approval from the Brazilian Bar Association. Most foreign law firms have opened offices in the country’s financial centre Sao Paulo, but Hogan Lovell’s decision to launch in Rio is believed to have been promoted by the influx of project finance and other related work taking place in the city as it prepares to host the 2014 World Cup and the Olympics in 2016.
Washington DC-based Claudette Christian, a former co-chair of the firm’s board, is set to relocate to Rio to launch the office later this year alongside four to six other lawyers, a spokesman from the firm confirmed.
Christian has a strong track record of working in Brazil and specialises in mergers and acquisitions and developing and financing major infrastructure and energy projects.
Elsewhere in Latin America, the firm has an office in Caracas, which was launched in 2005 by legacy firm Hogan & Hartson. The firm has a strong offering in energy & natural resources and large-scale project finance work which will complement well with the firm’s new Brazilian hub.
In spite of growing restrictions placed on foreign law firms by the Brazilian Bar Association, there are an increasing number of law firms that have set up shop in what is now considered the sixth largest economy in the world (6 February 2012).