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Big Law in Brazil: Rise and Current Challenges

  • Mariana Conti Craveiro
  • Manuel Gómez
Chapter

Abstract

The face of the Brazilian market for high-end corporate legal services has changed significantly during the last 20 years amidst a series of important economic and social shifts. During the nineties, when Brazil was finally able to beat inflation—in a movement also noticed in other Latin American countries—its economy opened to the world. The privatization of state-owned companies, an upsurge in foreign investment and a new regulatory platform enacted to cope with this new economic scenario, incited a demand for high-level corporate legal services. The traditional elite law firms of São Paulo, Rio de Janeiro, Curitiba and other big cities were thus forced to innovate and grow. The following decade was marked by the election of Luis Inácio Lula Da Silva, the populist President who governed on a leftist platform for two consecutive terms. Lula’s tenure was marked by a number of social and economic measures that led to an increase of internal consumption and a broader access to goods and services by the middle class. This also created incentives for the Brazilian corporate legal sector to expand. This chapter describes the transformation of the lawyers and firms that make up that sector, and the influence of the political, social and economic environment on such transformation.

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Copyright information

© The Author(s) 2018

Authors and Affiliations

  • Mariana Conti Craveiro
    • 1
  • Manuel Gómez
    • 2
  1. 1.ContiCraveiro AdvogadosSão PauloBrazil
  2. 2.Florida International University College of LawMiamiUSA

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