Latin America: Fifty years to overnight success
When our firm began opening offices in Latin America 55 years ago, it was a very different world. Most of our initial work centred on helping US companies set up subsidiaries in countries like Venezuela. We later helped clients establish manufacturing plants in Mexico during its industrialisation boom in the 1960s and guided investors through strict foreign investment regulation throughout Latin America. From the beginning we recruited native lawyers to run the offices - those who spoke the local language, knew the culture and understood government processes and how to get things done on a practical level, beyond the mere knowledge of local laws. It's a strategy that has served us well through the liberalisation of trade and investment in Latin America during the 1980s, the privatisation boom of the 1990s and the wave of new investment coming from Asia and the Middle East today.
Baker & McKenzie’s Raymundo Enriquez reflects on the dramatic changes his firm has witnessed while practising in the turbulent Latin American market for more than 50 years
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