Brazil & COVID-19: Law Firms Refocus

Finance, regulatory, restructuring work helps offset less offers, M&As.

BY JOACHIM BAMRUD

While capital markets and M&A work has suffered, foreign law firms in Brazil and major Brazilian law firms have seen an increase in work related to finance and credit, restructuring, regulatory matters linked to the government response to the coronavirus and contract breach matters.

“We have seen a moderate increase in finance mandates, as companies look to draw down on existing lines and firm up available lines to improve their liquidity situations, as well as restructuring work -- which we expect to continue,” says Antonio Piccirillo, head of the São Paulo office of US-based Proskauer Rose.

Ronaldo C. Veirano, founding partner of Veirano Advogados (one of the top Brazilian law firms) says his firm suffered like other firms, but has been able to offset a decline in M&A and other work with an increase in labor, tax, contracts, litigation, arbitration and mediation work.

“Brazilian firms in general have ...

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Law Firm Keywords: Allen & Overy, Hogan Lovells, Paul Hastings, Proskauer Rose, Veirano Advogados