Twitter Logo Youtube Circle Icon LinkedIn Icon

Argentina > Law firm and leading lawyer rankings


A reinvigorated Argentina has returned to the international scene following the December 2015 election of President Mauricio Macri. Bringing to an end more than 12 years of ‘Kirchnerism’. Macri’s center-right government inherited a country experiencing great political and socio-economic difficulties including an inflation rate of over 30%, excessive public expenditure (55% over PIB), extremely low foreign reserves and a sovereign default scenario after a long-standing dispute with US hedge fund investors.

In its first months, the new government has been determined to get the country back on track and open to the world. One of its first measures was to remove currency controls and barriers to international trade. President Macri’s agreement with sovereign debt holdouts also won the support of Argentina’s Congress. After more than a decade in exile from international capital markets, Argentina recently completed its first bond offering, selling $16.5bn in debt. While $9.4bn was paid to 220 holdout bondholders, the remaining earnings will be used for much-needed public infrastructure projects.

The process of reorganising the economy will not be easy and remains in its early stages. Certainly the new administration faces a tough road ahead: not only are there domestic hurdles but also external factors such as low commodity prices and the economic and political difficulties of neighbouring Brazil (the country’s primary trading partner). In order to tackle public waste, the government has controversially reduced the size of the state by cutting thousands of civil servants and removing electricity and transport subsidies. The country still has to overcome 30% inflation, predicted negative growth, considerable poverty, and an unemployment rate of over 12%.

Argentina is also facing a persistent energy crisis that requires a vast quantity of investment to deal with ever-increasing demand. The government has passed an ambitious renewables plan that seeks to have 8% of national energy consumption coming from renewable sources by December 2017; the first bid process for renewable energy generation projects was launched recently

Challenges notwithstanding, the legal market is very optimistic with the new economic paradigm set by Macri’s administration. It is awaiting an up-tick in transactional, capital markets, and banking and finance work, primarily focused in the infrastructure, energy and natural resources sectors.

The highly competitive market is dominated by a series of full-service firms including Marval, O’Farrell & Mairal, Bruchou, Fernández Madero & Lombardi, Pérez Alati, Grondona, Benites, Arntsen & Martínez De Hoz, Jr, Allende & Brea and Estudio Beccar Varela closely followed by other impressive medium size firms including Mitrani, Caballero, Ojam & Ruiz Moreno , M & M Bomchil and Estudio O’Farrell.

Despite –or perhaps because of– the relative paucity of work during recent years, the legal services market has always had space for specialist firms in different sectors. On the banking and finance side Salaverri, Dellatorre, Burgio & Wetzler Malbrán and Tavarone, Rovelli, Salim & Miani – Abogados (both Bruchou, Fernández Madero & Lombardi’s spin offs) have continued to earn a spot in the market. Traditionally dominated by boutiques firms, the IP, labour and tax sectors continue to feature strong specialist firms including G. Breuer, Funes De Rioja & Asociados and Teijeiro & Ballone, Abogados, respectively. In the energy and natural resources arena, Zaballa – Carchio Abogados (on the mining side), and Alliani & Bruzzon (in oil and gas) are some of the leading names.

Apart from Baker & McKenzie, which is a long-standing presence in the country, only two other international firms have offices in Argentina at present, namely CGSH International Legal Services, LLP-Sucursal Argentina (affiliate of Cleary Gottlieb Steen & Hamilton LLP) and Curtis – Fernandez Quiroga, Ayarragaray & Ocampo (connected to Curtis, Mallet-Prevost, Colt & Mosle LLP). While as yet there is no official confirmation, sources suggest that both global player Dentons and Iberian giant Garrigues are looking at Argentina as their next potential destination in the region.

Interview with...

Law firm partners and practice heads explain how their firms are adapting to clients' changing needs

International comparative guides

Giving the in-house community greater insight to the law and regulations in different jurisdictions.

Select Practice Area

International comparative guides

Giving the in-house community greater insight to the law and regulations in different jurisdictions.

Select Practice Area

Press releases

The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to

Legal Developments worldwide

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • New requirement for all issuers operating on the Luxembourg Stock Exchange

    On 10 August 2017 the Luxembourg Stock Exchange announced that all domestic and foreign issuers operating on the regulated market (Bourse de Luxembourg) or on the multilateral trading facility (Euro MTF) of the Luxembourg Stock Exchange must provide their legal entity identifier (“LEI ”) codes to the Luxembourg Stock Exchange before 15 September 2017.
  • Luxembourg law on the exploration and use of space resources entered into force

    The Luxembourg law on the exploration and use of space resources of 20 July 2017 entered into force on 2 August 2017 and placed Luxembourg among the most innovative space-oriented nations in the world.
  • VAT in the GCC – Q&A updates from the UAE Ministry of Finance

    On 9 July the United Arab Emirates (UAE) Ministry of Finance (MOF) published an update of the Value Added Tax (VAT) FAQ section of its website.
  • PRIIPs KID: The final pieces of the puzzle

    The pieces of the puzzle are finally falling into place. The long-awaited level 3 and 4 measures have been published earlier this week, half a year before the PRIIPs KID becomes compulsory.
  • MiFID II: Further guidance on product governance requirements

    Amongst the numerous topics covered by the Markets in Financial Instruments Directive II (MiFID II), the European Securities and Markets Authority (ESMA) has decided to provide further guidance on the requirements regarding product governance through its guidelines dated 2 June 2017 which focus on the target market assessment by manufacturers and distributors of financial products.     
  • Arendt & Medernach is again the “Luxembourg Tax Firm of the Year”

    The partners of Arendt & Medernach are pleased to announce that their firm has been awarded once again the prestigious “Luxembourg Tax Firm of the Year” title during the International Tax Review’s European Tax Awards ceremony held at the Savoy Hotel in London on 18 May.
  • Signature of the Multilateral instrument – reservations made by Luxembourg

    On 7 June 2017, the official ceremony for the signing of the multilateral instrument (“MLI”) took place bringing to a close a process initiated last year when a consensus was reached on the wording of the MLI on 24 November 2016 (see also our newsflash dated 2 December 2016, available on our website section Publications/Newsflash).
  • Arendt & Medernach: Luxembourg Law Firm of the Year

    Luxembourg, May 2017 – Arendt & Medernach is proud to have been named “Luxembourg Law firm of the year” both by Chambers & Partners and IFLR (International Financial Law Review). The prestigious trophies were both received in April in London at the respective ceremonies of the Chambers Europe Awards 2017 and the IFLR European Awards 2017.
  • First VAT EU case law on the cost-sharing VAT exemption

    The question of the scope of the cost-sharing VAT exemption, also referred to in the Council Directive 2006/112/EC of 28 November 2006 as amended ("EU VAT Directive") as “Independent Groups of Persons” or “IGPs”, is currently being debated at the Court of Justice of the EU (“CJEU”) in several cases. Last Thursday marked the first milestone regarding this specific VAT exemption since the CJEU released its judgment in the case Commission v Luxembourg (C-274/15).
  • An Introduction to Corporate Guarantee

    In the UAE, the risk management activities inherent in running a corporate or investment banking business remain of crucial importance, not least because of the strong local characteristic of “name lending”, by which is meant lending or providing other banking facilities to family or other private businesses, primarily on the strength of the “name” or “names” of the proprietors standing behind the business, rather than on the strength of the asset quality and underlying credit of the particular business. Of course, in practice, there is commercial overlap between the proprietors and the companies which they own, but the credit analyses can break down where poor banking practices and procedures result in poorly constructed legal documentation and gaps in guarantee and security support documents.

Press Releases worldwide

The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to