Latin American firm Philippi Prietocarrizosa & Uría is launching in Peru by merging with Ferrero Abogados and Delmar Ugarte, adding almost 100 lawyers in the process.
The expansion is the latest stage in the firm’s growth, following its formation in September 2014 through a merger between Chilean firm Philippi and Colombian firm Prietocarrizosa. Slaughter and May’s Iberian best friend Uría Menéndez took a 30 per cent stake in the new operation.
Peru is set to be a major part in the firm’s Latin American offering, with 29 partners – 14 international and 15 local – and 99 lawyers working in the Lima office. Ferrero Abogados is the more established of the two firms, having been founded in 1937, while Delmar was set up by a group of younger lawyers around 10 years ago.
In total Philippi Prietocarrizosa & Uría will now boast a team of 44 partners and 319 lawyers in Latin America as well as tapping into Uría Menéndez’s 550-strong team.
The firm said it had seen a 15 per cent growth in activity in the year since its launch.
Co-chairs Juan Francisco Gutierrez and Martin Acero said a positive client response and their needs had driven the firm to launch in Peru.
The merger took effect on 1 January and the firm will be renamed Philippi Prietocarrizosa Ferrero DU & Uría.
A number of Iberian firms are exploring their options in Latin America. Notably, Uría Menéndez’s rival Garrigues ended its Latin American alliance in 2013 in favour of setting up its own offices in the region. Last year Garrigues merged with Colombian firm DLP and it is also looking at expanding into Argentina and Chile.