Risk and resilience – a booming insurance industry in Latin America

Latin America has new frontier status for the insurance sector, but the region’s renowned volatility is always a concern

Bristol-based DAC Beachcroft insurance partner David Pollitt is a regular visitor to Miami. But while tourists may be lured by the tropical climate and art deco architecture, his frequent trips from West Country to East Coast are all about his practice. The emergence of Miami as an operational and service centre for Latin America means its importance to major international insurance players cannot be underestimated.

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Unleashing talent – highlights from The Legal 500’s Corporate Counsel 100: Latin America

As Latin America increasingly becomes a global economic force, the role of the in-house lawyer in the region has evolved to produce some of the most impressive names in the legal industry.

Below are selected highlights taken from the debut edition of The Legal 500’s Corporate Counsel 100: Latin America, which identifies an array of the region’s most influential in-house counsel.

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Laterally Latin – a sideways year for a hot market

Latin America’s much-heralded rise took a pause in 2012 as Brazil slowed its rapid expansion and countries like Chile and Colombia came to the fore. Legal Business reports on the changing order in one of the most-touted global regions

After so much talk of the rise of Latin America since the 2008 banking crisis gripped Western economies, there is no doubt that 2012 felt like something of a disappointment.

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Latin America – Latin moves

As with any popular new market, law firms entering Latin America will have to watch their step. LB assesses the differing approaches to this large and diverse region to see what works best

Should anyone ever write a comprehensive history of international law firms, a good place to start would be Caracas. Over half a century ago, the Chicago-based pharmaceutical company Abbott Laboratories headed to Latin America to establish an operation in the Venezuelan capital. It needed a reliable local law firm on the ground, where the lawyers had a good command of English. Its hometown law firm at the time was a relatively young outfit, just seven years old, called Baker & McKenzie. It was a single-site law firm, but eventually Abbott Laboratories persuaded it to come south and establish an office in Venezuela. Ultimately, both client and law firm would walk away happy. Abbott Laboratories retained a consistent standard of legal advice, while Baker & McKenzie retained a lucrative client, plus a guaranteed workflow in a new and untapped jurisdiction. The year was 1955.

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