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Editorial

Legal market overview

Bolivia’s full incorporation into the Mercosur customs union marks an important step in the country’s ongoing emergence and economic growth and is expected to be completed by the end of 2015. Membership is simply one more indication of the land-locked country’s growing importance and developing economy, where careful economic management have seen international reserves increase from barely $1bn to over $15bn in recent years. Furthermore, due to the country’s economic performance, public debt has shrunk from 94% in 2003 to less than 40% of the GDP a decade later. Moreover, bank deposits and loans have more than tripled in this same ten-year period, strengthening the solvency of the banks and leading to increased liquidity.

With the exception of the increasingly important regional firm Ferrere, which has offices in both La Paz and Santa Cruz, it is sizeable full-service firms, such as Moreno Baldivieso Estudio De Abogados, Guevara & Gutiérrez S.C., and C.R. & F. Rojas – Abogados, that dominate the local legal landscape.

However, not unlike the economic market, the country’s legal market is becoming increasingly sophisticated and there is increasing space for specialist firms such as the labour boutique Gumucio & Abogados, or IP specialists such as Landívar & Landívar Attorneys At Law, Estudio Jurídico Orpan or DAK.

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