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Editorial

Legal market overview

El Salvador remains an uncertain destination for foreign investment, resulting in low transactional activity and slow trade flow. Although certainly on the mend after the global financial crisis, the country’s sluggish economic growth rate of 1.6% is the lowest in Central America and is symptomatic of the country’s limited industrial capacity as well as its diminishing agricultural sector. Long-established international and local corporations working in the jurisdiction, as well as a number of renewable energy projects, continue to create a stream of work for the small Salvadoran legal market.

Following various mergers, lateral hires and progressive regionalisation in 2013, 2014 was marked by a phase of consolidation among the local and regional firms. Arias & Muñoz and Consortium – Centro América Abogados maintain their position at the forefront of the market, but are certainly still challenged by local heavyweights, such as Romero Pineda & Asociados, Compañía de Abogados and Espino Nieto & Asociados, as well as by regional players such as Lexincorp, Pacheco Coto, Sáenz & Asociados and Guandique Segovia Quintanilla – LatamLex.

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