The Legal 500

Costa Rica

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Editorial

Legal market overview

In terms of political stability and social peace, Costa Rica can clearly be seen as a role model in the Central American region, which, in combination with its steadily growing and export-orientated economy, continues to draw foreign investors to the country. With current economic growth running at 4.4% and its proactive and continuous opening to international trade agreements (such as its most recent free trade agreement with Colombia in April 2014), the country’s industrial and agricultural sector continues to flourish – despite some concerns about the country’s current tax deficit.

This sustained and relatively healthy economic landscape has facilitated the establishment, development and growth of a sophisticated legal market, increasingly dominated (certainly in the core banking and finance, and corporate areas) by regional firms including Arias & Muñoz, Consortium – Laclé & Gutiérrez, Pacheco Coto and BLP; the latter increased its local presence in mid-2015 by opening a third Costa Rican office in Guanacaste, and also strengthened its competition and IP practices via a merger with boutique firm Weinstok Abogados. Other key regional players include Aguilar Castillo Love, Gómez y Galindo - LatamLex, CENTRAL LAW Costa Rica and Lexincorp with further stiff competition coming from strong local practices such as Facio & Cañas, LLM Abogados, Sfera Legal and Zürcher, Odio & Raven.

 

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