The Legal 500



Legal market overview

The much-heralded ‘Mexican moment’ remains on hold. For all the reform initiatives since the election of President Peña Nieto and the return of a PRI administration in late 2012, as of May 2014, the country, Latin America’s second largest economy, had registered 21 consecutive months of falling economic output according to the national statistics office, INEGI. Nevertheless, the reforms that have been initiated (principally those in the banking, tax, competition and -crucially- energy sectors), have generated considerable expectation; this, in conjunction with the Mexican legal market’s notoriously limited degree of institutionalisation, has driven considerable market movement.

The tax sector demonstrates the extent of these shifts over the last 12 months, changes driven not only by reform in the sector but by the desire of different players to strengthen their offerings ahead of the growth in the workload foreseen by many. These movements include the merger of tax boutique Del Valle Torres into the (then) Jáuregui y Navarrete, to form Jáuregui y Del Valle, SC; and the absorption of Tron Abogados and Ortiz, Sosa, Ysusi y Cía by Ernst & Young and KPMG Cardenas Dosal, S.C., respectively. Elsewhere, Creel, García-Cuéllar, Aiza y Enríquez, S.C. has responded to the loss of its former tax partners to the new Creel Abogados by recruiting Alejandro Santoyo and his team from leading firm Chévez, Ruiz, Zamarripa y Cía SC; and the latter also lost Enrique Ramírez to Ernst & Young. Market perceptions suggest that this tumult has not necessarily come to an end as yet.

Another factor for change has been the arrival of foreign (principally US) firms over the last three years, both those seeking to offer, if not full-service capability then a relatively broad offering such as Greenberg Traurig, SC or the ‘re-booted’ Jones Day; and those providing a sector specific offering such as Littler, De la Vega y Conde SC in the labour sector or DAC Beachcroft LLP in the insurance field. Other relevant foreign firms include Holland & Knight, which took a large part of the team formerly at Chadbourne & Parke LLP’s Mexico office; DLA Piper Mexico, SC, which has struggled to consolidate its local position with new hires (and lost Guillermo Uribe, a key player in the country’s REIT-market to Holland & Knight); the increasingly well-positioned Haynes and Boone, L.L.P.; and longstanding key firm White & Case S.C., which, while still a leading corporate player, has also suffered its losses.

The proliferation of boutiques, largely as a result of splits and spin offs, has also been a notable tendency (although it should be that in some sectors, notably tax, as indicated above, there is a counter current with boutiques being absorbed into larger organizations). Dispute resolution has long been the bastion of boutiques and a number of new firms have been formed in the sector, notably Malpica, Iturbe, Buj & Paredes, S.C., one of several spin offs from Mijares, Angoitia, Cortés y Fuentes S.C.. However, the powerful showing and notable success of prominent corporate-finance boutiques Robles Miaja, SC and Raz Guzmán Abogados appears not to have gone unnoticed and boutique operations have developed in an array of other sectors.

Despite all these fluctuations, a number of key full service and/or transaction-oriented firms retain their market predominance, principally Creel, García-Cuéllar, Aiza y Enríquez, S.C., Galicia Abogados, SC and Ritch, Mueller, Heather y Nicolau, SC, along with Mijares, Angoitia, Cortés y Fuentes S.C., the aforementioned White & Case S.C., and the increasingly relevant Nader, Hayaux y Goebel, SC and Jones Day. Low profile-outlier Von Wobeser y Sierra, SC also retains a seat at the top table with participation in a number of the market’s key deals. More traditional full service players too are increasingly present, notably a re-emergent Santamarina y Steta; the ever-stronger Hogan Lovells BSTL, and the ever-present Basham, Ringe y Correa, S.C.; nor can the five-office market leviathan Baker & McKenzie Mexico be ignored.

As we go to press the long-rumoured merger of Hogan Lovell’s with Mexican full-service stalwart Barrera, Siqueiros y Torres Landa has been confirmed with effect from 7th July.

Press releases

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Legal Developments in Mexico

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Notorious Marks

    Notorious marks or the declaration thereof, has always been an issue widely discussed in Mexico by the IP legal community. This is so because provisions of the Paris Convention dealing with this topic have for a long time been uses as an effort to cancel or nullify trademarks registered by Mexican authorities without really making an extensive evaluation of proposed denominations and without examining in depth if such marks may be potentially affecting rights acquired by third parties elsewhere. So, a specific regulation and legal frame that at least tries to resolve this issue is always a good start in the right direction.

    By Ignacio Dominguez Torrado Uhthoff, Gomez Vega & Uhthoff, S.C. Why a new value? Is Mexico avoiding the economic fallout that the world may be facing? In Mexico franchises are worth more? Is Mexico not a country that the global economic standstill is or will affect? The answer is, not really. Are Franchises in Mexico currently experiencing a boom? Perhaps. Are Franchises becoming an important aspect in Mexican economy? Certainly.

    Advertising in Mexico is governed by multiple bodies of law including for at least seven Federal Laws, five Regulations also of Federal application, a number of the so-called Mexican Official Standards (NOM's) and certain other laws and regulations applicable into specific States within the Republic of Mexico. All of them are focusing to establish the form and manners for producing and communicating advertising of products and services in Mexico.

    It has been well publicized in the Mexican media over the last few months that the General Customs Administration (AGA) and the Mexican Institute of Industrial Property (IMPI) are planning to launch a customs trademark registry, as a short-term solution to increase protection for trademark owners against the import of infringing and counterfeit products.

    The evolution in the protection and enforcement of IP rights has also reached the Mexican practice. The traditional ways of defending a registered trademark on a non use contentious procedure have developed.

    By Jose Luis Ramos-Zurita

Press Releases worldwide

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  • VEGAS LEX continues to represent OGK-2 in its gas turbine engine quality dispute

    On January 14, 2015, the VEGAS LEX law firm won an appeal case in the Sixteenth Commercial Court of Appeals for the sake of the Second Generating Company of the Wholesale Power Market (OGK-2)* in a dispute over the quality of a gas turbine engine (GTD-110) supplied by NPO Saturn to compel the defendant to restore the equipment's operation after a breakdown. The court ordered NPO Saturn to repair the broken GTD-110, with the cost of repairs adding up to RUB1bln, which is comparable with the cost of new equipment.
  • VEGAS LEX helps collect lost profit for Khanty-Mansiysk Non-State Pension Fund

    On January 13, 2015, the VEGAS LEX Dispute Resolution Practice won a case in the Ninth Commercial Court of Appeals for the sake of the Khanty-Mansiysk Non-State Pension Fund* in a dispute over a trust management agreement with regard to the fund's pension reserves.
  • Positive Developments for the Economy of Cyprus

    Normal 0 false false false EN-GB X-NONE X-NONE MicrosoftInternetExplorer4 It has been around one year and a half since the Eurogroup decisions to recapitalise Bank of Cyprus via a bail-in on 25 th of March 2013. Cyprus has worked hard since then to exit the financial crisis and to maintain its status and reputation as an international financial centre. Within October 2014, several positive developments which took place suggest that Cyprus is on a good path. These positive developments include: /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:""; mso-padding-alt:0cm 5.4pt 0cm 5.4pt; mso-para-margin:0cm; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Calibri","sans-serif";}
  • Gorodissky new practices

    In December 2014 the IP team of Gorodissky & Partners was joined by Valery Narezhny who will be in charge of the firm's new law practices such as taxes, customs and commercial laws. Valery graduated from Finance Academy under the Government of Russia (Moscow) majoring in "Finances and Credits" and the Academy of Law and Management (Moscow) majoring in "Civil Law", holds PhD degree in economics. He is specializing in taxes, currency, customs, labor and commercial laws and in court disputes. Valery started his carrier in the state bodies (Tax Policy Department, Ministry of Finance, and Government Administration), worked for a number of Russian and international law firms. He is author of more than 150 publications and 9 books on taxation and civil law issues. Valery Medvedev, Managing Partner, Gorodissky & Partners, commented: "It appears from our clients' enquiries that they are in the need to obtain consultations and professional advice relating not only to protection and enforcement of intellectual property rights but also to IP issues governed by taxes, labor, currency and commercial laws. Valery Narezhny having considerable experience and knowledge in these practices will no doubt enhance our team of lawyers and considerably enlarge the range of the firm's legal services"
  • HaoLiWen helps client resolve TP case with the customs

    HaoLiWen has advised a multinational client in a case of the customs challenge against import transfer pricing. Recently, this case was successfully closed. The customs has accepted the transfer pricing policies of the client.  The client has incurred no further import tax exposure, and the deposits put up with the customs for the shipments in question are to be refunded by the customs to the client.  
  • VEGAS LEX to support 2015 Jessup Moot Court Competition

    The VEGAS LEX law firm will support this year's Philip C. Jessup International Law Moot Court Competition, the largest and most prestigious law school competition, which will take place in Moscow from January 28 through February 1.
  • P+P Pöllath + Partners berät die Deutsche Bank und DN Capital bei Investitionen in Onlineportal Wi

    Der Onlinehändler hat seine bislang größte Finanzierungsrunde abgeschlossen. Mit einem Investitionsvolumen von insgesamt etwa EUR 45 Mio. beteiligten sich neben dem Hauptinvestor Goldman Sachs auch die bisherigen Geldgeber MCI Management, 360 Capital Partners, die Londoner Beteiligungsgesellschaft DN Capital sowie mehrere Deutsche Bank Fonds.
  • MOLITOR expansion continues

    Luxembourg, 26 November 2014 - MOLITOR Avocats à la Cour, have continued expansion plans by announcing the recruitment of experienced litigator François Cautaerts. François comes to MOLITOR from Philippe & Partners as a partner, with Paulo Lopes Da Silva, in litigation and Dispute Resolution as well as specialising in Restructuring & Insolvency.
  • MOLITOR announces another partner promotion

    Luxembourg, 19 January 2015 - MOLITOR Avocats à la Cour is delighted to announce the promotion of Stéphanie Juan to Partner. Stéphanie, 37, became a member of the team in 2006 and was appointed Counsel in 2014. She will continue her practice in the area of Real Estate, Zoning and Environment.

    Mouhamed KEBE and Boubacar Diakite, respectively Managing Partner, and Head Office Manager of GENI & KEBE have been honored for pro bono work by ‘'The Brooke'', a non-for profit organization based in London.