Perhaps unsurprisingly, Richards Butler’s resident partner in Sao Paulo, Stephen O’Sullivan, believes the financial crisis that hit Brazil last week will have little impact on his firm’s practice.

“A lot of our work is geared towards direct investment in Brazil,” he said. “We do a lot of mergers and acquisitions work, joint ventures and project finance.
We are less involved in capital markets work.
“The current troubles haven’t had any particular impact,” added O’Sullivan, who has lived in Brazil since Richards Butler first opened its office in Sao Paulo five years ago.