Barcelona annual report
However, other firms are taking a
more cautious approach, with one
partner reporting that his firm´s
policy is not to advise clients on
investment in Cuba due to its
activities in the US.
With regard to Africa, Casas
says: “Having the right contacts
in these areas is very important
as you have to anticipate the
administrative processes.” In the
case of Latin America, Herrera
says that the countries in the
Pacific Rim currently have a more
promising economic outlook than
the traditional heavyweights in
the region, namely Argentina and
Brazil. Regarding Uría´s recent
involvement in the merger of law
firms in Chile and Colombia to
create Philippi, Prietocarrizosa
& Uría – which began operations
on 1 January 2015 – he says the
respective economies are “very
integrated”. He adds: “For
example, the Chilean, Colombian
and Peruvian stock exchanges
have merged – Philippi,
Prietocarrizosa & Uría is a huge
development for us.”
The innovation challenge
Casas says 2015 will mark
a recovery for cyclical legal
practices such as corporate and
M&A, and real estate. “We are
seeing less restructurings and
insolvency,” he adds. Trías says
the challenge for law firms is
innovation and technolo