Big Law in Central America and the Dominican Republic: Growth Strategies in Small Economies
Costa Rica, El Salvador, Guatemala, Honduras and Nicaragua once formed a single Spanish colony and did not become independent until the nineteenth century, when Panama and the Dominican Republic also became independent. Since then, each of these countries have taken their own path, developed their own legal systems and confronted their own economic, political and social realities. Interestingly, in the eyes of many multinational corporations, these countries still form a somewhat homogeneous sub-region.
Treating these relatively small economics as a single sub-region within Latin America allows multinationals to take advantage of economics of scale. In any case, the geographical proximity, common language and regulatory proximity between these countries seem to justify the unitary approach. Except for the Dominican Republic, which is part of an island, the rest are all neighboring countries ( Guatemala, El Salvador, Honduras, Nicaragua, Costa Rica and Panama) sharing at least one border with another. The official language in each of these countries is Spanish, and their legal systems are rooted in the civil law tradition, which they inherited from Spain.
This book, part of the Stanford Law School research project on the future of the legal profession, thoroughly examines the future of “big law,” defined as the large and mid-size multiservice highly specialized law firms that provide sophisticated, complex and generally costly legal work to multinationals, large and mid-size domestic corporations, and other business clients. By systematically gathering, assessing, and analyzing the best available quantitative and qualitative data on the first tier of the corporate legal services market of Latin America and Spain, and interviewing a broadly representative sample of corporate legal officers, law firm partners, and other stakeholders in each of the countries covered, this book provides a nuanced perspective on changes in “big law” during the last two decades until the present. It also explores the factors that are driving these changes, and the implications for the future of legal profession, legal education and its relationship with the corporate sector and society in general.
New York, NY
Big law, central america, small economies, multinational corporations
Commercial Law | Law
Carlos Taboada & Manuel A. Gómez, Big Law in Central America and the Dominican Republic: Growth Strategies in Small Economies, in BIG LAW IN LATIN AMERICA AND SPAIN: GLOBALIZATION AND ADJUSTMENTS IN THE PROVISION OF HIGH-END LEGAL SERVICES 123, 153 (Manuel A. Gómez, Rogelio Pérez Perdomo eds., Palgrave-MacMillan 2018) (ebook).