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Legal market overview
Despite its recovery from the global financial crisis, low investment activity and slow trade flow are still among the greatest challenges to El Salvador’s economic development. While Central America’s smallest country struggles to boost its economic capacity, the legal market has remained relatively active.
El Salvador’s legal landscape presents a wide range of specialist and full-service firms, including local and regional players. In the corporate and banking arena, where the reduction in foreign investment and debt problems have limited the general scope of work, regional heavyweights Arias & Muñoz and Consortium – Centro América Abogados remain the most active. Smaller firms have had to call on their adaptability and longstanding clients to survive in times of such economic uncertainty. Conversely, dispute resolution work is on the rise, allowing several firms a degree of participation in contentious matters. An increase of mandates is also expected for El Salvador’s IP market, where IP boutiques as well as full-service firms maintained busy practices throughout 2012.
A significant development in July 2013 saw Pacheco Coto absorb the office of ACZALAW, Abogados Centroamericanos Asociados, as part of its new regional network.