Accessibility Links

Brazilian legal market set to grow?

Posted by: Laurence Simons 13/11/13

If you overlook the alleged government corruption, the increasingly unconscionable gap between poor and rich populations and the vastly overrated football team the UK might be an OK place to practice law. But why not try Brazil? (See what I did there?)

The Latin American country is known as a major emerging economic power and has gone from strength to strength in recent years, meaning it presents a number of opportunities for talented lawyers with the language skills and adaptability to succeed.

There are plenty of jobs on offer that are attracting both local and foreign investment ahead of the 2014 FIFA World Cup and 2016 Rio Olympics, reports the Lawyer magazine.

M&A, always one of the first practice areas to respond to a positive economic change, has been growing exponentially over the last few months.

BM&A partner Rafael D'Avila Dutra said: "Although capital markets work hasn’t been as good as previous years in either equity or debt, we're seeing some good-sized M&A deals in the market."

The firm has also been busy playing an advisory role on a major cross-border transaction in the acquisition of Portugal Telecom by Oi, one of Brazil's largest firms in that industry.

With the government attempting to deal with corruption by introducing a host of new laws and regulations, and infrastructure projects in place for the upcoming sporting events of the next two years, it is clear Brazil has plenty to offer commercial and corporate lawyers keen to get involved with its business world.

It won't all be work five-a-sides on the beach and rum cocktails by the pool, but some of it might be, and you won't get those odds in London.

According to last year's Salary Survey from Laurence Simons, 49 per cent of Brazilian legal departments experienced an increase in headcount over the course of 2012, while 46 per cent expected a similar growth level over the coming year.

If the country's legal market keeps pace with its economy, opportunities seem sure to arise.