Allen & Overy’s recruitment drive in the U.S. bodes well for the firm’s practitioners in Latin America—a region where cross-border transactions are primarily based on New York law.

The Magic Circle firm announced in September that it had hired two U.S.-based lawyers who do capital markets and litigation work in Latin America—part of a broader expansion in the Americas that has included key lateral hires in California to shore up services for technology and renewable energy clients.