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Big Law in Chile: A Glance at the Law Firms

  • Iñigo de la Maza Gazmuri
  • Rafael Mery Nieto
  • Juan Enrique Vargas Viancos
Chapter

Abstract

In this chapter we demonstrate that the traditional professional practice as well as the law firm in Chile responds to the supply and demand mechanism. A moderate offer of legal services determined by the entry barriers to the profession (specifically due to the small number of law schools) along with a demand from unsophisticated economic actors, determined that the dominant model of the professional practice was individual, in small family offices or in “communities under the same roof.” On the contrary, a more vigorous offer (determined by the opening of the university system as of the 80s) along with a growing sophisticated and complex demand, favored the emergence of law firms.

In this chapter, we also make a type of radiography of law firms in Chile. By mixing quantitative and qualitative indicators we examine their lawyers and clients. The main conclusion is that this is an ongoing and successful process. Law firms are a reality that is increasingly more important. However, law firms are not mature enough to turn into corporations. It is still possible to see amidst the desired corporate practices, traces of old family offices or style of lawyers trained in a different world.

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Copyright information

© The Author(s) 2018

Authors and Affiliations

  • Iñigo de la Maza Gazmuri
    • 1
  • Rafael Mery Nieto
    • 1
  • Juan Enrique Vargas Viancos
    • 1
  1. 1.School of Law of Universidad Diego PortalesSantiagoChile

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