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Big Law in Central America, Panama and the Dominican Republic: Growth Strategies in Small Economies

  • Carlos Taboada
  • Manuel Gómez
Chapter

Abstract

During the last two decades, law firms from Central America and the Dominican Republic have quickly adapted to globalization in response to economic growth in the region and important increases in the rate of foreign investment. The leading solo practitioners and traditional family firms have adopted the business models and structures of the corporate law firms from the United States, so they can compete in the market for high-end corporate legal services in the region. Shareholders in stock corporations are replacing the partner figure of the limited liability civil or commercial partnerships. This chapter analyzes the evolution of the Central American law firms that serve the high-end corporate sector and how they have responded to the modernizing forces and the challenges facing the globalization of legal practice. This chapter is based on a variety of sources including leading industry reports, scholarly works, international databases and in-depth interviews with the managing partners and other members of the leading corporate law firms of Costa Rica, Dominican Republic, El Salvador, Guatemala, Honduras, Nicaragua and Panama.

References

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Copyright information

© The Author(s) 2018

Authors and Affiliations

  • Carlos Taboada
    • 1
  • Manuel Gómez
    • 2
  1. 1.Consortium Legal in ManaguaManaguaNicaragua
  2. 2.Florida International University College of LawMiamiUSA

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