International law firms with Brazilian alliances look set to come under renewed regulatory pressure after the Sao Paulo Bar Association this month concluded that formal tie-ups breach local practice rules. The recent opinion from the Sao Paulo Bar (Ordem dos Advogados do Brasil - Secao de Sao Paulo) illustrates the mounting tension over the recent influx of foreign law firms into Brazil's fast-growing market. Though the decision by the ethical and disciplinary tribunal of the Sao Paulo Bar is only advisory, it is regarded as giving an indication as to which way a ruling would go if a case were to be pursued against one of the foreign firms operating in Brazil in alliance with a local firm.
September 24, 2010 at 11:15 AM
1 minute read
The original version of this story was published on Legalweek
International law firms with Brazilian alliances look set to come under renewed regulatory pressure after the Sao Paulo Bar Association this month concluded that formal tie-ups breach local practice rules.
The recent opinion from the Sao Paulo Bar (Ordem dos Advogados do Brasil – Secao de Sao Paulo) illustrates the mounting tension over the recent influx of foreign law firms into Brazil’s fast-growing market.
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