Twitter Logo Youtube Circle Icon LinkedIn Icon

Colombia > Law firm and leading lawyer rankings


Colombia continued to suffer the effects of a slow economy and its GDP was lower than projected in 2016, due to continuing low oil and commodity prices and depressed demand from China for raw materials. It is however expected that Colombia’s economy will pick up in 2017 and 2018 thanks to stronger external demand and a pick-up in agricultural production as the impact of the cyclical El Niño effect lessen once more.

The construction, infrastructure and financial services sectors remain key economic drivers, especially since consumer spending still shows signs of weakness, a circumstance exacerbated by high inflation and an unfavourable dollar exchange rate. A drop in export-generated revenue was another negative. In this scenario, it remains to be seen how the corruption scandal involving Brazilian construction giant Odebrecht will affect the country, although President Santos’ immediate addressing and acknowledgement of the issue undoubtedly had a positive effect in limiting the fallout from a scandal that has shocked many by its scale.

Public expenditure is expected to play a vital role in boosting demand, in a pre-election year. The Central Bank has taken action in an effort to control higher-than-expected inflation, raising interest rates in early 2016, but cuts have resumed even though inflation remains above the target range, and it is expected that this policy will continue. Structural reforms in health, education and infrastructure sectors, and the reduction of levels of informal employment constitute long-term challenges if the country wishes improve its competitiveness. Fiscal consolidation is also a necessary step and the government has introduced comprehensive tax reforms in an effort to increase revenue, stimulate growth and address social challenges.

In terms of the legal market, the dominance of the traditional ‘top four’ – Brigard & Urrutia, Gómez-Pinzón Zuleta, Posse Herrera Ruiz and Philippi Prietocarrizosa Ferrero DU & Uría (formerly PrietoCarrizosa) – is perhaps, no longer to be taken for granted, with Baker McKenzie S.A.S. in particular, claiming a place at the top table. The arrival (and/or consolidation) of other international firms, including Dentons Cardenas & Cardenas, DLA Piper Martinez Beltran, Garrigues, Norton Rose Fulbright and most recently, CMS Rodríguez Azuero Contexto Legal Abogados, has hiked competition for qualified and experienced talent, and is increasingly altering the dynamics of the local market. Nevertheless, there remains a significant number of high quality local firms with particular strength in a range of market sectors, including Lloreda Camacho & Co., Sanclemente Fernández Abogados S.A., Durán & Osorio Abogados Asociados, Palacios Lleras and Muñoz Tamayo & Asociados; and specialist boutiques Zuleta Abogados Asociados S.A.S, Suescún Abogados, Archila Abogados, Godoy & Hoyos Abogados SAS and Ibarra Abogados, among others.

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
  • Government puts cartel criminalisation back on the table

    The Minister of Commerce and Consumer Affairs, Kris Faafoi, has today tabled the Commerce (Criminalisation of Cartels) Amendment Bill (the Bill ) in the House.
  • Luxembourg introduces draft legislation to create beneficial ownership registers

    Luxembourg’s government has published draft legislation to incorporate into national law the requirements under articles 30 and 31 of the European Union’s Directive 2015/849 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing, better known as the 4th Anti-Money Laundering Directive. Placed before the Chamber of Deputies on December 6, 2017, draft law no. 7217 would establish a central register of beneficial owners of Luxembourg legal entities such as companies and partnerships under the authority of the minister of justice, while draft law no. 7216 would create a similar register of beneficial owners of fiduciary contracts, that is express trusts, under the authority of the Administration de l’Enregistrement et des Domaines, Luxembourg’s indirect tax authority.
  • The new EU regulation on general data protection 2016/679 (“GDPR”)

  • Spouses and tax demands

    6 Mar 2018 at 04:00 / NEWSPAPER SECTION:
  • What Can You Legally “Watch Free Online” and When?

    Putlocker. BitTorrent. PirateBay. Napster. Mediafire.
  • New Zealand favours English approach to penalties

    A recent High Court decision marks an important step in the development of the approach to the “Penalty Doctrine” in New Zealand – that is, the principle that contractual provisions which allow parties to punish one another disproportionately are unenforceable. Justice Whata’s judgment in Honey Bees v 127 Hobson Street 1 carefully traverses the recent evolution of the doctrine and provides helpful clarification of its application to contracts in New Zealand.
  • Raspberries and IT: New Sector Inquiries by the Serbian Competition Commission

    The Serbian Competition Commission (the " Commission ") recently finished sector inquiries concerning quite distinct industries – raspberries and the public procurement for software and hardware. The aim behind the inquiries was to perform extensive market research and analysis in order to acquire a clearer picture of the possible antitrust issues and risks in two sectors widely perceived as strategic for the development of the Serbian economy.
  • How open is New Zealand to Open Banking

    This week New Zealand hosts the Digital Nations 2030 to discuss what is required to become a truly digital nation by 2030. Open Banking is a critical first step, but where is it on the Government’s agenda?​
  • The Public Administration Electronic Market: the future of public procurement

    The Public Administration Electronic Market is a digital marketplace, created in 2002 and managed by Consip S.p.A., the Italian central purchasing body, on behalf of the Ministry of the Economy and Finance. Through the Ministry, registered authorities can purchase goods and services offered by suppliers that have been vetted and authorised to post their catalogues on the system for values below the European threshold.
  • Even More Sector Inquiries: Sportswear And Oil Retail Under Scrutiny By The Serbian Commission

    The Serbian Competition Commission (the " Commission ") continues its diligent examination of the Serbian competitive landscape in specific industries, this time with inquiries in two more industries – sportswear (including footwear and sporting equipment) and oil (petroleum products). Once again, the aim behind the market test was to identify potential issues on the relevant markets and provide broader insight into the functioning of the relevant markets.

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