Brazil’s Barbosa, Müssnich e Aragão Advogados (BMA) has set in motion a transition plan for its founding partners to wind down their equity stakes by 2027 as the firm prepares for a younger generation of leaders to succeed them.

The 318-lawyer firm, one of Brazil’s largest, told Law.com International it will acquire and hold the equity interests for eventual reallocation to other partners or to new partners.