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Hogan Lovells is set to open its second and third Latin American offices in 2014 after bolting on Mexican firm Barrera Siqueiros y Torres Landa (BSTL).
The deal will add two new offices to Hogan Lovells’ collection, in Mexico City and Monterrey, comprising about 70 lawyers including 16 partners.
The new offices bring the firm’s total tally up to 47, including four in the South America region. It is hoped that the Mexican additions will offer new opportunities to multinational companies and financial institution clients looking to do business in Latin America’s second largest economy.
Hogan Lovells’ Mexican practice is intended to primarily focus on corporate, commercial, litigation and arbitration, energy, real estate, TMT and transport work.
It will operate under the name Hogan Lovells BSTL in Mexico once the merger goes live, which is expected to take place on 1 August 2014.
CEO Steve Immelt said in a statement: “2013 ushered in sweeping structural reforms for Mexico, which could unlock major potential for investors and companies in a broad range of industries that are looking to capitalise on the current environment.”
Hogan Lovell’s move into Mexico follows the launch of its Sao Paulo office in January 2014. The firm entered the city’s market with the hire of Clifford Chance’s international capital markets chief Isabel Costa Carvalho (15 January 2014). That followed the opening of a base in Rio de Janiero in early 2013 (27 February 2012).
Its Latin American practice currently has more than 60 lawyers globally, advising clients including the Government of Mexico and Mexican hotel giant Playa Hotels & Resorts.
There have been few new global entrants to the Mexican market in recent years. One exception is DLA Piper which launched in the country’s capital in 2012, swiping the entire legal team from Thompson & Knight’s Mexico City office (14 February 2014).