Twitter Logo Youtube Circle Icon LinkedIn Icon

Brazil > Legal market overview > Law firm and leading lawyer rankings


Who Represents Who

Find out which law firms are representing which Legal market overview clients in Brazil using The Legal 500's new comprehensive database of law firm/client relationships. Instantly search over 925,000 relationships, including over 83,000 Fortune 500, 46,000 FTSE350 and 13,000 DAX 30 relationships globally. Access is free for in-house lawyers, and by subscription for law firms. For more information, contact


Despite the Brazilian adage that the year doesn’t truly begin until Carnival finishes, 2018 got off to a busy start from January; law firms reported an active first quarter, particularly in corporate and M&A. The inevitable uncertainty thrown up by the 2018 elections was a cause for caution from some investors, but others were not perturbed, focusing on the long-term prospects of the country over short-term gains. Chinese investors in particular have shown strong interest in Brazil, most notably in the infrastructure and agribusiness sectors.

During the economic crisis there were unsurprising difficulties in closing transactions. Lawyers have noted that M&A deals became easier to close from the second half of 2017, with many being optimistic about a continued positive trend for 2018.

In the TMT sector, Brazil’s ride-hailing app 99 was acquired by China’s Didi Chuxing. The start-up company became Brazil’s first "tech unicorn", showcasing the country’s start-up potential. In response to this developing field, several law firms have launched or bolstered technology and venture capital/start-up practices.

Among the most significant legislative developments in recent years has been the labour law reforms – part of President Temer’s economic programme – which were approved in July 2017. The overhaul of the system was controversial, and a reduction in employment-related claims is expected due to the new financial liability of claimants.

The real estate market finally showed signs of life after a couple of dismal years; new real estate developments were few and far between from 2015 to 2017. Though there may not be a sudden reversal of the tide, specialists in the country predict that the market will improve around 2019 or 2020. Proposals to open rural land to foreigners failed to come to fruition in 2017, although some commentators remain hopeful for a future change in the regulations, which could stimulate foreign investment.

The Brazilian tax system is elaborate, involving complex federal, state and municipal taxes, and tax lawyers are in constant demand; the Tax ranking in this chapter is among the most competitive. In the current economic climate, tax litigation is on the up. On one hand a cash-strapped government is looking to augment its revenues, while on the other companies of all sizes are looking to increase their efficiency. In an already litigious tax environment, law firms report an increase in mandates to defend clients again tax assessments from the government. In 2017, President Temer announced his proposal to join the OECD, and such a move would require a significant change to the country’s tax system to align it with OECD standards. There have been calls for an overhaul of the country’s tax system for years, though current political uncertainty makes the prospect of serious change unlikely.

In banking and finance, firms report an increasing volume of infrastructure financings, and the higher number of Brazilian IPOs as compared with previous years was another positive sign for the market.

With the Lava Jato investigation still ongoing, compliance has taken on a crucial role in transactions and companies’ day-to-day operations, with Brazilian law firms in turn strengthening their compliance teams to respond to client demand. We have this year incorporated ‘compliance’ into the Corporate and M&A ranking, and have added ‘white-collar crime’ to the Dispute Resolution ranking.

The Brazilian legal market is dynamic, with each year heralding numerous partner moves. Among the most significant changes in 2017 were the establishment of Caminati Bueno Advogados by former partners at TozziniFreire Advogados and Lino, Beraldi, Belluzzo e Caminati Advogados; and the merger between Navarro Advogados and Caselli Guimarães Advogados to create CaselliNavarro Advogados.

Soares Bumachar dissolved, and Laura Mendes Bumachar took her bankruptcy and dispute resolution practice to a new home at Dias Carneiro Advogados. Felsberg Advogados hired several new partners; among them was Miriam Machado, who joined from KLA-Koury Lopes Advogados in 2018.

Leading domestic firms include BMA - Barbosa, Müssnich, Aragão; Cescon, Barrieu, Flesch & Barreto Advogados; Demarest Advogados; Lefosse Advogados; Machado Meyer Sendacz e Opice Advogados; Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados; Pinheiro Neto Advogados; TozziniFreire Advogados; and Veirano Advogados.

Despite Brazilian Bar Association regulations which inhibit close cooperation between domestic and foreign law firms, several successful international associations do exist. Key among them are Trench Rossi Watanabe and Tauil & Chequer Advogados in association with Mayer Brown. Vella Pugliese Buosi e Guidoni Advogados has maintained a strategic alliance with Dentons since 2017, and Campos Mello Advogados works in cooperation with DLA Piper.

Interview with...

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

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

    Aziz Rahman considers the Ericsson bribery investigation and outlines how best to respond if you are investigated by more than one law enforcement agency
  • Sulphur Cap Ahead - Regulatory

    Sulphur Cap Ahead - Regulatory
  • GTDT Shipping - India

    Mr Shardul Thacker heads the shipping, oil and gas and banking practice group at Mulla & Mulla & Craigie Blunt & Caroe. Lloyd’s List ranked him third in their top 10 lawyers stating: “Highly regarded for his work in the liquefied natural gas sector, particularly for interesting and highly geared finance deals in relation to infrastructure projects, energy, ports and ships.” india_-_gtdt_shipping_

    The British Virgin Islands are rushing to pass by the end of December the new economic substance legislation to avoid the EU’s blacklist of tax haven jurisdictions.
  • Chambers Guides - Insurance 2018 - India

    India is a common-law jurisdiction. In general, Indian laws borrow heavily from, and are based on, English law. However, insurance law in India has certain unique features that deviate from English insurance law. The primary legislation of insurance law in India is the Insurance Act, 1938 (the “Insurance Act”) and the Insurance Rules, 1939 (the “Insurance Rules”).
  • AVELLUM advised largest Ukrainian brick manufacturer on restructuring and refinancing of its debt

    AVELLUM acted as the Ukrainian legal counsel to Private Joint Stock Company with Foreign Investments “Slobozhanska Budivelna Keramika” (“SBK ”) in connection with the restructuring and refinancing of SBK’s debt, valued at approximately EUR20 million. Atlas Advisors, an independent investment banking firm, acted as the exclusive financial advisor to the SBK’s shareholders in connection with the restructuring of the credit portfolio, attraction of financing for the debt’s refinancing, and buy-out of SBK’s shares.
  • AVELLUM advises on Ukraine’s USD2 billion Eurobond issue

    AVELLUM acted as the Ukrainian legal counsel to the Ministry of Finance of Ukraine on the USD2 billion sovereign Eurobond issue consisting of two tranches with 5.5 and 10-year tenor. J.P. Morgan Securities, Goldman Sachs, BNP Paribas, and Citigroup acted as joint lead managers on the transaction.
  • New Anti-Money Laundering Law

    The new anti-money laundering ( AML ) law of the UAE took effect at the end of October 2018. Containing features recommended by the Financial Action Task Force ( FATF ), the new law introduces subtle but important changes to the AML landscape in the UAE. 
  • Confidentiality Under Renewed Focus

    The UAE federal government has recently issued a raft of important legislation, addressing and in many ways updating areas of law that are key to businesses in the jurisdiction. Amongst this legislation is Federal Decree-Law 14 of 2018 concerning the central bank and the organisation of financial institutions and activities (the New Banking Law ) and Federal Decree-Law 20 of 2018 concerning anti-money laundering and anti-terrorism financing (the New AML Law ). Both the New Banking Law and the New AML Law repeal and replace the previous legislation on their respective subjects. Importantly, the New Banking Law and the New AML Law have together enhanced the protection afforded to confidential information under UAE law, in particular where financial and legal service providers and their customers and clients are concerned. 
  • Israel Chapter in The Virtual Currency Regulation Review

    Earlier this year, the Israel Tax Authority (ITA) issued two circulars, one on the taxation of digital tokens and the second addressing the taxation of utility tokens in initial coin offerings (ICOs). Additionally, in March, the Israel Securities Authority (ISA) released a detailed interim report by the Committee for the Regulation of Public Offerings of Decentralized Cryptocurrency Coins (Report) (with a follow-up report due to come out around October 2018). Moreover, it is expected that before the end of 2018, legislation will come into force that for the first time will see Israeli primary legislation define virtual currencies as financial assets and mandate licensing for related services, as is later discussed in detail.

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